Sales of hot-blast heaters have grown steadily during the, Ask an Expert

Management Studies

Sales of Hot-Blast heaters have grown steadily during the past five years, as shown in the following table:
YEAR
SALES
1
480
2
525
3
548
4
593
5
614
Using exponential smoothing constants of 0.35 and 0.65, develop forecasts for years 2 through 6. The sales manager had predicted, before the business started, that year 1's sales would be 440 air conditioners. Based on error (MAD, MSE or MAPE: any one of these is fine), which smoothing constant gives the most accurate forecast?
Use a three-year moving average forecasting model to forecast sales of heaters.
Which of the methods analyzed here would you use? Explain your answer.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9375739

Have any Question?Write your Review or question?

Related Questions in Operation Management

An analysis of order and shipment data shows that the order

An analysis of order and shipment data shows that the order fill rate is 93.3% and ABBA collected the following data concerning customer service performance: Late delivery—7 percent Damage—1 percent Incorrect documentati ...

Lets imagine that you are the ceo of a large chain of

Let's imagine that you are the CEO of a large chain of grocery stores. You want to develop a pay structure for your regional managers who each oversee 10 stores. Would you look to create a system that pays based on indiv ...

A bicycle manufacturer purchases bicycle seats from an

A bicycle manufacturer purchases bicycle seats from an outside supplier for $20 each. The manufacturer’s inventory of seats turns over 1.2 times per month, and the manufacturer has an annual inventory holding cost of 32% ...

1 customer relation management crm is an essential part of

1. Customer Relation Management (CRM) is an essential part of any successful Information System. Discuss what CRM is, what it’s used for, its technical structure and processes, its advantages to the enterprise, and to th ...

1 in reflection with the asq code of ethics discuss what

1. In reflection with the ASQ Code of Ethics, discuss what values need put into practice in order to maintain clarity in problem solving [about 250 words 2. There are several structures explained in the chapter readings: ...

1 what are the most important qualities an effective leader

1. What are the most important qualities an effective leader should have? 2. What are the qualities you want most in an employee? Why? 3. How do your employees react to your leadership? 4. What is the role of effective c ...

Would you consider a piece of research if you found the

Would you consider a piece of research if you found the researchers honesty and integrity was in question? Would you use a questionable author's work even if it supports the hypothesis that you developed?

Netiquette refers to the correct or acceptable way of

Netiquette refers to the correct or acceptable way of communicating on the internet. Here is an example for you to evaluate this week in our discussion: Your co-worker, Kevin, sent an email telling your supervisor that y ...

The following blunt refusal from a restaurant owner rejects

The following blunt refusal from a restaurant owner rejects a previously agreed-to favor. To avoid endangering a friendship and losing community goodwill, the writer needs to revise this message. Your Task: List at least ...

1 contrast the intensity of rivalry in the fast food

1. Contrast the intensity of rivalry in the fast food restaurant industry and the computer industry? What are the most common ways that the competitors compete with each other? What characteristics of these industries wo ...

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