An experienced purchase manager feels that moving average, Ask an Expert

Management Studies

An experienced purchase manager feels that moving average method would be most appropriate to make weekly sales forecasts of company’s main product. The manager has historical data of sales forecasts and actual sales for last 100 weeks of company’s main product. Explain how should the manager determine the number of moving periods he should use to make the forecasts- that is, should he use 2-period, or 3-period, or 4-period, or 5-period, etc., moving average. Use your own dataset to explain.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92559006

Have any Question?Write your Review or question?

Related Questions in Operation Management

Part ilocate an online article which provides an example of

Part I: Locate an online article which provides an example of an organization recognizing the importance of good communication because they are developing, implementing or changing ways that they communicate with custome ...

1 with baby boomers retiring now and over the next decade

1. With baby boomers retiring now and over the next decade, what should the HR function in firms be doing to prepare for a leadership vacuum? What potential problems do you see these firms encountering? Share any ideas y ...

The school board has received a bomb threat claiming that a

The school board has received a bomb threat claiming that a bomb will be detonated at noon on Monday at the high school. The threat was received by the school board at 8 p.m. on Sunday night. The school board met and tri ...

Question sampling surveys and polls are three of the ways

Question : Sampling, surveys, and polls are three of the ways in which data is gathered. The results are then presented as information. How can you be fooled by data? Why/How does the data collected in polls and studies ...

1 what initiatives gm took to resolve ignition switch

1. What initiatives GM took to resolve ignition switch recalls? 2. What did GM to improve its culture after ignition switch recalls scandal? 3. Briefly discuss ikea's logistics and e logistics, currently and in the futur ...

Letrsquos imagine you are the marketing creative for a

Let’s imagine you are the marketing creative for a smaller less known running shoe manufacturer. You have been tasked with the goal of building more brand awareness for a new line of running shoes – how would you use the ...

Why rewarding ethical behavior is difficult in short

Why rewarding ethical behavior is difficult in short term? How alignment is important in companies wanting to be ethical? How To Prevent Poor Ethical Decision-Making?

What are the three opportunities for the marketer when it

What are the THREE opportunities for the marketer when it comes to the location? How does Rony describe the increase use of location based data ? What is the first example of crowdsourcing in the web? What is the technol ...

Introductionwe can all agree that a customerrsquos

Introduction We can all agree that a customer’s satisfaction is paramount, but exactly what does that look like? It is easy to speak in generalities, but in order to lead and influence everyone in an organization, there ...

Bob richards the production manager of stella elements in

Bob Richards, the production manager of Stella Elements, in Boca Raton, Florida, is preparing his quarterly report, which is to include a productivity analysis for his department. One of the inputs is production data pre ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert