discuss the importance of effective communication. Support your response through the integration of paraphrased information from at least one of the required or optional readings assigned this week.
January 16, 2018
Appraisal cost for quality
January 16, 2018

Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor’s sales personnel call on the first day of each month, compute your forecast sales by each of the three methods requested here.

Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor’s sales personnel call on the first day of each month, compute your forecast sales by each of the three methods requested here.

ACTUAL
  June132
  July172
  August200

a.Using a simple three-month moving average, what is the forecast for September? (Round your answer to 2 decimal places.)

 

  Forecast for September

 

b.Using a weighted moving average, what is the forecast for September with weights of 0.10, 0.20, and 0.70 for June, July, and August, respectively? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

 

  Forecast for September
c.Using single exponential smoothing and assuming that the forecast for June had been 128, forecast sales for September with a smoothing constant alpha of 0.30. (Round your answer to 2 decimal places.)

 

  Forecast for September

Actual demand for a product for the past three months was
  Three months ago385 units
  Two months ago335 units
  Last month290 units

a.Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whole number.)
  Forecast for this month units
b.If 285 units were actually demanded this month, what would your forecast be for next month, again using a 3-month moving average? (Round your answer to the nearest whole number.)
  Forecast for the next monthunits
c.Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 435 units and the smoothing constant was 0.40? (Round your answer to the nearest whole number.)
  Forecast for this month units
Here are the data for the past 21 months for actual sales of a particular product:
LAST YEARTHIS YEAR
  January325260
  February440380
  March450370
  April440420
  May380440
  June460360
  July410375
  August370300
  September345380
  October510
  November560
  December540

Develop a forecast for the fourth quarter using a three-quarter, weighted moving average. Weight the most recent quarter 0.50, the second most recent 0.25, and the third 0.25. Do the problem using quarters, as opposed to forecasting separate months. (Round your answer to 2 decimal places.)
  Forecast for the fourth quarter
 

"Are you looking for this answer? We can Help click Order Now"

assignment help