Compute a weighted 3-month moving average forecast for, Ask an Expert

Management Studies

Q. manager of Carpet City outlet needs to make an accurate forecast of demand for Soft Shag carpet (its biggest seller). If manager does not order enough carpet from carpet mill, customers will buy their carpet from one of Carpet City's many competitors. Manager has collected subsequent demand data for past 8 months:

Demand for Soft Shag
Month Carpet (1,000 yd.)
1 8
2 12
3 7
4 9
5 15
6 11
7 10
8 12

a. Compute a 3-month moving average forecast for months 4 through 9.

b. Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of .55, .33 also .12 to months in sequence, starting with most recent month.

c. Compare two forecasts by using MAD. Which forecast appears to be more accurate?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9345586

Have any Question?Write your Review or question?

Related Questions in Operation Management

Ldquotransactional communication modelrdquo please respond

“Transactional Communication Model.” Please respond to the following: Scenario: You are attending a town council meeting where you meet community leader Fran Richardson who is influential in the transportation business. ...

You have been asked to create a project plan to build a

You have been asked to create a project plan to build a playground for children in your local community. Your project should have 10-15 tasks (therefore, your network will have 10-15 nodes). Please perform the following ...

1 ordering clothing online from lands end is an example of

1. Ordering clothing online from Lands End is an example of which of the following: a. No customer contact, processing of goods (high divergence) b. Direct customer contact, processing of goods (high divergence) c. No cu ...

Popanz the associate director of peregrine corp was offered

Popanz, the associate director of Peregrine Corp., was offered the position of director. She refused the position based on the oral promise made by the director when Popanz had been hired that she could retain her curren ...

1 what should be our attitude with regard to human rights

1. What should be our attitude with regard to "human rights" issues of potential foreign partners or suppliers? 2. How does organized labor affect International Management? 3. How would you overcome the challenges/impedi ...

As discussed throughout the reading the field of human

As discussed throughout the reading, the field of Human Resource Management is quite complex. During the first three classes, you have completed reading assignments that have provided you with an introduction to the fiel ...

1 how do you prepare managers cardiologists and cardiac

1. How do you prepare managers, cardiologists, and cardiac surgeons, and their staff to quickly and efficiently make changes to their practices? 2. What is more important in judgining a leader his or her actions or the o ...

This report is primarily intended to analyze and present

"This report is primarily intended to analyze and present the potential financial success and profitability of Zivago Private Limited, an online media portal which is proposed to be launched in the local market in Singap ...

Identify global trends something that you believe will have

Identify global trends, something that you believe will have impact on our lives. It can be small today, but in 5, 10, 15, 20 years, it will have a huge impact. Share three to five trends. For each trend provide a title, ...

1 explain the type of assurance opinions provided on

1. Explain the type of assurance opinions provided on Woodside Petroleum Ltd and AGL Ltd 2016 Sustainability Reports, the criteria used to assess the subject matter of the engagement and the assurance standards employed ...

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