Question 1 the abc floral shop sold the following number of, Ask an Expert

Management Studies

Question: 1. The ABC Floral Shop sold the following number of geraniums during the last two weeks:

Develop a spreadsheet for the following.

a. Calculate forecasts using a three- and five-period moving average.

b. Graph these forecasts and the original data using Excel. What does the graph show?

c. Which of the above forecasts is best? Why?

2. The Handy-Dandy Department Store had forecast sales of $110,000 for the previous week. The actual sales were $130,000.

a. What is the forecast for this week, using exponential smoothing and α = .1?

b. If sales this week turn out to be $120,000, what is the forecast for next week?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92750422

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