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Weather Forecast

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An operation analyst is forecasting this year?s demand for one of his company?s products based on the following historical data;Year # sold;4 years ago 10,000;3 years ago 12,000;2 years ago 18,000;Last year 20,000;1) What is the forecast for this year using the last-value forecasting method?;a) 22,000;b) 20,000;c) 18,000;d) 15,000;e) 12,000;2) What is the forecast for this year using a moving-average forecast based on the last four years?;a) 22,000;b) 20,000;c) 18,000;d) 15,000;e) 12,000;3) Which of the following possible values of? would cause exponential smoothing to respond the most quickly to forecast errors?;a) 0;b) 0.01;c) 0.05;d) 0.1;e) 0.15;The business analyst for Ace Business Machines, Inc. wants to forecast this year?s demand for manual typewriters based on the following historical data;Time Period Demand;5 years ago 900;4 years ago 700;3 years ago 600;2 years ago 500;Last year 300;4) What is the forecast for this year using the last-value forecasting method?;a) 163;b) 180;c) 300;d) 467;e) 510;5) In exponential smoothing with trend, the forecast consists of;a) an exponentially smoothed forecast and a smoothed trend factor.;b) the old forecast adjusted by a trend factor.;c) the old forecast and a smoothed trend factor.;d) a moving-average and a trend factor.;e) None of the above.

 

Paper#35225 | Written in 18-Jul-2015

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