Assume that the forecasted demand for 2006 is 15. Use the following date set and exponential...
Assume that the forecasted demand for 2006 is 15. Use
the following date set and exponential smoothing with a(alpha)=0.4
and determine the forecasted demand for 2009. (round to one decimal
place)
year 2006. demand 16
year 2007. demand 20
year 2008. demand 18
Homework Answers
Smoothing constant = alpha = 0.4
The forecast for period (n + 1) = alpha*(Demand for period n) + (1 - alpha)*Forecast for period n
Fn+1 = alpha*Dn + (1 - alpha)*Fn
Forecast for year 2006 = 15 and Demand = 16
Forecast for year 2007 = 0.4*(16) + (1-0.40)*(15) = 6.4 + 9 = 15.4
Forecast for year 2008 = 0.4*(20) + (1-0.40)*(15.4) = 8 + 9.24 = 17.24
Forecast for year 2009 = 0.4*(18) + (1-0.40)*(17.24) = 7.2 + 10.344 = 17.544
Add Answer to:
Assume that the forecasted demand for 2006 is 15. Use
the following date set and exponential...
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past...
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 410.00, the following sales forecast has been developed: Year Sales 2005 2006 2007 2008 2009 450 495 518 563 580 Forecasted Sales 410.00 422.00 443.90 466.13 495.19 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 73.76 sales (round...
PLEASE ANSWER!!!!!!!! Use scratch paper as needed. Be sure to label the answer if it is written on the scratch pape...
PLEASE ANSWER!!!!!!!!
Use scratch paper as needed. Be sure to label the answer if it is written on the scratch paper. Q1. (20 POINTS) The following are the sales figures for your company for the past 6 years. Use the exponential smoothing method and moving average to smooth the data and provide the forecast for 2013. Also find the MAPE for the series. Which of the two values of alpha yields the best results? Show all calculations Forecasted Sales Sales...
A&B Question 2 The table below shows the aggregate demand of pool cleaning equipment during the...
A&B
Question 2 The table below shows the aggregate demand of pool cleaning equipment during the last 12 years for Watertech Company in Arizona YEAR> DEMAND 1,513 1,485 1,4911,4471,525 1,493 1,477 1,562 1,476 1,513 1,4 Please forecast the demand for 2017 using the following two methods 2005 2006 2007 2008 2009 2010 20112012 2013 2014 2015 2016 80 1,466 a. Simple Moving Average, SMA (5) b. Simple Exponential Smoothing (you define the value of 'a, that minimizes MSE error) Compare...
Given the following data, use exponential smoothing (α=0.2) to develop a demand forecast. Assume the forecast...
Given the following data, use exponential smoothing (α=0.2) to develop a demand forecast. Assume the forecast for the initial period is 5. Period Demand 4 5 7 913 8 The exponential smoothing forecast is (round your responses to two decimal places): Period 3 刄 7 Forecast 5.00
This Question: 1 pt 15 of 111 (14 complete) Use the following 12 periods of demand...
This Question: 1 pt 15 of 111 (14 complete) Use the following 12 periods of demand to produce a double exponential smoothing forecast for period 13. Use a smoothing constant, a, equal to 0.30. Use 508 as the initial forecast values. Click the icon to view the demand for the previous 12 periods. Complete the table below for a double exponential smoothing forecast (enter your responses rounded to one decimal place). Period at FD (DES) 558 OOOOOOOOOOL 893 819 854...
A) for the following demand data, use exponential smoothing with alpha = .02 to calculate for...
A) for the following demand data, use exponential smoothing with alpha = .02 to calculate for perieod 7 assume forecast for period #1 was 7.0 B) Calculate the MAD error for periods 1-6 for your forecast period demand 1 10 2 8 3 7 4 10 5 12 6 9
Question 11 (10 points) a) For the following demand data, use exponential smoothing with alpha =...
Question 11 (10 points) a) For the following demand data, use exponential smoothing with alpha = 0.2 to calculate a forecast for period 7. Assume the forecast for period #1 was 7.0. b) Calculate the MAD error for periods 1-6 for your forecast Period Demand 1 10
As you can see in the following table, demand for heart transplant surgery at Washington General...
As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years: Year 1 2 3 4 5 Heart Transplants 45.0 50.0 55.0 54.0 58.0 The director of medical services predicted 6 years ago that demand in year 1 would be 41.0 surgeries. a) Using exponential smoothing with alpha of 0.60 and the given forecast for year 1, the forecasts for years 2 through 6 are...
Consider the following time series data. Week 1 2 3 4 5 6 Value 19 11 16 1017 15 (a) Construct a ...
Consider the following time series data. Week 1 2 3 4 5 6 Value 19 11 16 1017 15 (a) Construct a time series plot. 20 20 20 18 16 14 12 10 c 14 12 12 0 23 4 5 67 0 23 4 5 67 Week Weck Week 20 18 0 1 2345 6 7 Week What type of pattern exists in the data? The data appear to follow a seasonal pattern. The data appear to follow a...
Sigt hoy each,th residrts ola Plays spend allof t one re tings every year:they colectively buy...
Sigt hoy each,th residrts ola Plays spend allof t one re tings every year:they colectively buy 250 bathing auts6 tubes of sunscreen, and 400 beach towels. ltem (Amount purchased Bathing suits 250) Price Price Price Price 2006 ($) $10.00 4.00 5.00 2007 ($) $12.00 5.00 5.50 2008 (3) $15.00 5.00 7.00 2009 ($) $18.00 6.00 9.00 600) Beach towels (400) Use the data in the table above to calculate the following a. The total cost of this basket each year...
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a starting forecast of 410.00, the following sales forecast has been developed: Year Sales 2005 2006 2007 2008 2009 450 495 518 563 580 Forecasted Sales 410.00 422.00 443.90 466.13 495.19 The MAD for a forecast developed using exponential smoothing with a = 0.30 is 73.76 sales (round...
PLEASE ANSWER!!!!!!!!
Use scratch paper as needed. Be sure to label the answer if it is written on the scratch paper. Q1. (20 POINTS) The following are the sales figures for your company for the past 6 years. Use the exponential smoothing method and moving average to smooth the data and provide the forecast for 2013. Also find the MAPE for the series. Which of the two values of alpha yields the best results? Show all calculations Forecasted Sales Sales...
A&B
Question 2 The table below shows the aggregate demand of pool cleaning equipment during the last 12 years for Watertech Company in Arizona YEAR> DEMAND 1,513 1,485 1,4911,4471,525 1,493 1,477 1,562 1,476 1,513 1,4 Please forecast the demand for 2017 using the following two methods 2005 2006 2007 2008 2009 2010 20112012 2013 2014 2015 2016 80 1,466 a. Simple Moving Average, SMA (5) b. Simple Exponential Smoothing (you define the value of 'a, that minimizes MSE error) Compare...
Given the following data, use exponential smoothing (α=0.2) to develop a demand forecast. Assume the forecast for the initial period is 5. Period Demand 4 5 7 913 8 The exponential smoothing forecast is (round your responses to two decimal places): Period 3 刄 7 Forecast 5.00
This Question: 1 pt 15 of 111 (14 complete) Use the following 12 periods of demand to produce a double exponential smoothing forecast for period 13. Use a smoothing constant, a, equal to 0.30. Use 508 as the initial forecast values. Click the icon to view the demand for the previous 12 periods. Complete the table below for a double exponential smoothing forecast (enter your responses rounded to one decimal place). Period at FD (DES) 558 OOOOOOOOOOL 893 819 854...
Question 11 (10 points) a) For the following demand data, use exponential smoothing with alpha = 0.2 to calculate a forecast for period 7. Assume the forecast for period #1 was 7.0. b) Calculate the MAD error for periods 1-6 for your forecast Period Demand 1 10
Consider the following time series data. Week 1 2 3 4 5 6 Value 19 11 16 1017 15 (a) Construct a time series plot. 20 20 20 18 16 14 12 10 c 14 12 12 0 23 4 5 67 0 23 4 5 67 Week Weck Week 20 18 0 1 2345 6 7 Week What type of pattern exists in the data? The data appear to follow a seasonal pattern. The data appear to follow a...
Sigt hoy each,th residrts ola Plays spend allof t one re tings every year:they colectively buy 250 bathing auts6 tubes of sunscreen, and 400 beach towels. ltem (Amount purchased Bathing suits 250) Price Price Price Price 2006 ($) $10.00 4.00 5.00 2007 ($) $12.00 5.00 5.50 2008 (3) $15.00 5.00 7.00 2009 ($) $18.00 6.00 9.00 600) Beach towels (400) Use the data in the table above to calculate the following a. The total cost of this basket each year...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago