after graduating from college, you and your freinds start selling birdhouses mad
ID: 444343 • Letter: A
Question
after graduating from college, you and your freinds start selling birdhouses made from recycled plastic. The idea has caught on. as shown byt he following sales figures
A. Prepare forecast for june through september by using three-period moving average model.
B. prepare forecast for june through september by using an experiment smoothing model with =0.5. Assume that the forecast for may was 2,000.
C. Prepare forecast for june through september by using an adjusted exponential smoothing model with =0.5 and = 0.3. Assume that the unadjusted forecast (Ft) for may was 2,000 and the trend factor (Tt) for may was 700.
month demand March 220 April 2,240 May 1,790 june 4,270 July 3,530 August 4,990Explanation / Answer
Ans C Month Sales Ft Tt Forecasts Alpha Beta March 220 0.5 0.3 April 2240 May 1790 2000 700 2000 June 4270 3485 935.5 2700 July 3530 3975.25 801.925 4420.5 August 4990 4883.588 833.8488 4777.175 September 5717.436 Ans B Month Sales Forecast Alpha March 220 0.5 April 2240 May 1790 2000 June 4270 1895 July 3530 3082.5 August 4990 3306.25 September 4148.125 Ans A Month Sales March 220 April 2240 May 1790 June 4270 July 3530 August 4990 September 4263.333
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