Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The don’t drink and drive mountain bike deal in the spokane area wants to be able to forecast accurately the demand for the don’t drink and drive 2120VT bike. From sales records the dealer has accumulated the following data for the past five years. 2011=3400 sales 2012=4000 sales 2013=5000 sales 2014=6800 sales 2015=5100 sales A. Using linear regression, the slope of this time series of data is 620 and the intercept is 3000. Based on linear regression, what would the forecasts be for 2011-2015? B. Develop exponential smoothing forecasts for 2013, 14, and 2015 with a smoothing constant of .22. To initialize the process you may assume that the forecast for 2011 was 2800. C. Calculate the MAD covering 2013-2015 for linear regression forecast and exponential smoothing forecast. Which forecasting method appears to be better for the dealers data? Why?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91761283

Have any Question?


Related Questions in Operation Management

1 brainstorm the advantages and disadvantages of both

1. Brainstorm the advantages and disadvantages of both recruiting from within the organization and also external recruitment. What are the risks associated with both? What do you believe would be the most important consi ...

Right to curenbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp

Right to Cure.                                             FACTS: Metro-North Commuter Railroad Co. decided to install a fall-protection system for elevated walkways, roof areas, and interior catwalks in Grand Central Te ...

In the highly turbulent airline industry southwest airlines

In the highly turbulent airline industry, Southwest Airlines is one of the healthiest companies, continuing growth and profit in a climate that is threatening the survival of other airlines. Much of its success is attrib ...

Discuss the relationship between the strategic decisions

Discuss the relationship between the strategic decisions and compensation practices of your current or former organization (Alternately, you may conduct online research to select an organization of your choice). Next, id ...

1 what is the role of socialization in womens and men

1. What is the role of socialization in women's and men "choice" of occupations and how to do these relation sips affect sex segregation and the wage gap? 2. What are the benefits of an effective construction safety prog ...

1 what is the purpose of a channel of distribution identify

1. What is the purpose of a channel of distribution? Identify and describe nine of the ten activities related to functions that channel members provide and then correctly assign them to one of the three main categories t ...

1 what is the name of the court of general jurisdiction in

1. What is the name of the court of general jurisdiction in the state of Washington? 2. What is the name of the trial court in the federal system? 3. When does a lawsuit begin under Washington law? 4. Explain ADR and why ...

Legality1 when will an agreement made by one without a

Legality 1) When will an agreement made by one without a license fail to be a contract? 2) When will an agreement made by one without a license still result in a binding valid contract? 3) What is meant by a "Covenant No ...

Culture and diversity1 informal information isa always

Culture and diversity 1. Informal information is a. always subjective b. usually quantified c. often from a "grapevine" d. always verifiable 2. Criteria for assessing business information include: a. verifiability, frequ ...

1 why do the media sometimes distort information about an

1. Why do the media sometimes distort information about an agency? How can you develop a relationship with the media that will minimize that tendency? 2. Discuss the difference between public and private facilities, focu ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As