Op Man HW 5 Chapters 14 &amp; 18

# Problem 18 9 as s umeaninitials tartingftof300units

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Unformatted text preview: r d: 0.50 out of 0.50 points Problem 18-9 As s ume an initial s tarting Ft of 300 units , a trend (Tt) of eight units , an alpha of 0.10, and a delta of 0.30. If ac tual demand turned out to be 288, c alc ulate the forec as t for the nex t period. (Round your answer to 1 decim al place.) Forec as t for the nex t period 313.4 units Worksheet Problem 18­9 Learning Objective: 18­02 Evaluate demand using quantitative forecasting models. Problem 18-9 As s ume an initial s tarting Ft of 300 units , a trend (Tt) of eight units , an alpha of 0.10, and a delta of 0.30. If ac tual demand turned out to be 288, c alc ulate the forec as t for the nex t period. (Round your answer to 1 decim al place.) Forec as t for the nex t period 313.4 ± 1% units Explanation: Ft = 300 Tt = 8 α = 0.10 δ = 0.30 At = 288 FITt = Ft + Tt = 300 + 8 = 308 units Ft+1 = FITt + α(At − FITt) = 308 + 0.10(288 − 308) = 308 − 2 = 306 units Tt+1 = Tt + δ(Ft+1 − FITt) = 8 + 0.30(306 − 308) = 8 − 0.6 = 7.4 units FITt+1 = Ft+1 + Tt+1...
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## This note was uploaded on 01/29/2014 for the course MAN 4504 taught by Professor Georgekyparisis during the Fall '09 term at FIU.

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