(TCO 5) What is the forecast for May, based on a weighted moving average applied to the following past-demand data and using the weights 4, 3, and 2 (largest weight is for most recent data)?
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
37
36
40
42
47
41
Student Answer:
42.5
33.6
40.3
44.1
2.
Question :
(TCO 5) Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. In February, the company predicted they would sell 11,000 trinkets. Their sales for February were 9,000 trinkets. Using a smoothing constant of an alpha of 0.2, the sales manager wants to forecast March sales using exponential smoothing. What would it be?
Student Answer:
9,000 trinkets
9,800 trinkets
9,500 trinkets
10,600 trinkets
3.
Question :
(TCO 5) Weekly sales of 10-grain bread at the local Whole Foods Market are in the table below. Based on this data, forecast Week 9 using a 3-week moving average.
Week
Demand
1
415
2
389
3
420
4
382
5
410
6
432
7
380
8
420
Student Answer:
407.3
422.8
380.22
410.66
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