Book:

Quantitative Analysis for Management

Render, Stair, Hanna

11th Edition

This part of the question is based on the information from Problem 5-13.

Question 1

The four-month moving average forecast for Wallace Garden Supply is ___________. (Please round it to an integer and include no units.)

A. 17

B. 18

C. 19

D. 20

Question 2

The Mean Absolute Deviation (MAD) for the above forecast is ____. (Please round it to two decimal points.)

This part of the question is based on the information from Problem 5-15.

Question 3

The three-year moving average forecast for Wallace Garden Supply is _____ (Please round it to two decimal points and include no units.)

Question 4

The Mean Absolute Deviation (MAD) for the above moving average forecast is ____. (Please round it to two decimal points.)

Question 5

The three-year weighted moving average forecast for Wallace Garden Supply is ____ . (Please round it to an integer and include no units.)

Question 6

The Mean Absolute Deviation (MAD) for the above weighted moving average forecast is _____ . (Please round it to two decimal points.)

Question 7

Based on your previous calculation, which method do you think is the best?

A. 3-year moving average.

B. 3-year weighted moving average.

This part of the question is based on the information from Problem 5-19 in the textbook.

Question 8

The starting /initial forecast for the sales of Cool-Man air conditioners is _________. (Please round it to an integer and include no units.)

A. 400

B. 410

C. 430

D. 450

Question 9 of 11

The Year 2 forecast for the sales of Cool-Man air conditioners is ______. (Please round it to an integer and include no units.)

Question 10

The Year 6 forecast for the sales of Cool-Man air conditioners is _____ (Please round it to two decimal points and include no units.)

Question 11

The Mean Absolute Deviation (MAD) for the above exponential smoothing forecast is ______. (Please round it to two decimal points.)

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