Score: 18.33 of 55 pts | 1 of 3 (2 complete) | | HW Score: 33.33%, 33.33 of 10.

Question

Score: 18.33 of 55 pts | 1 of 3 (2 complete) | | HW Score: 33.33%, 33.33 of 10. ate Problem 4.6 Question Help The monthly sales for Yazici Batteries, Inc., were as follows Month Jan Feb Mar Apr May ung Sept Od Nov Dec Sales 20 23 1514 13 16 1718 2 21 21 24 This exercise contains only parts b and c b) The forecast for the next month (Jan) using the naive method - 24 sales (round your response to a whole number The forecast for the next period (Jan) using a 3-month moving average approach 22 sales (round your response lo two decimal places) The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10,0.10, 0.10,0.20,020, and 0.30, where the heaviest weights are applied to the most recent month- 21.3 sales (round your response to one decimal place) September forecast of 20.00, the forecast for the next period(Jan)-21.76 Using exponential smoothing with a0.30 and a sales fround your response to two decimal places) Using a method of trend projection, the forecast for the next month (Jan)- sales (round your response to two decimal places) Enter your answer in the answer box and then click Check Answer part remaining 5:20 PME

Explanation / Answer

Yazici Batteries Inc. 1.Naive: The coming January = December = 24 2.3-month moving: (21+21+24)/3 = 22 3.6-month weighted: (0.1 x 17) + (0.1 x 18) + (0.1 x 22) + (0.2 x 21) + (0.2 x 21) + (0.3 x 24) = 21.3 4.Exponential smoothing with alpha = 0.3, September forecast = 20 F OCT = 20 + 0.3(22 - 18) = 20.9 F NOV = 20.9 + 0.3(21 – 20.9) = 21.2 F DEC = 21.2 + 0.3(21 - 21.2) = 21.14 F JAN = 21.14 + 0.3(24 - 21.14) = 21.99

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