OPERATION MANAGEMENT ASSIGNMENT – 1 Forecasting need to be done with Excel urgent

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OPERATION MANAGEMENT ASSIGNMENT – 1 Forecasting need to be done with Excel urgent

OPERATION MANAGEMENT
ASSIGNMENT – 1 Forecasting
Note: Use MS Excel and submit one file with 7 tabs, one for each of the following questions.

The monthly sales of the year 2019 for Yazici Batteries, Inc., were as follows:

Month
2019 Sales

January
20

February
21

March
15

April
14

May
13

June
16

July
17

August
18

September
20

October
20

November
21

December
23

1. Plot the monthly sales.

2. Forecast January 2020 sales using the Naive method

3. Forecast January 2020 sales using a 3-month moving average.

4. Forecast January 2020 sales using a 6-month weighted average using .1, .1, .1, .2, .2, and .3, with the heaviest weights applied to the most recent months.

5. Forecast January 2020 sales using exponential smoothening where α = .3 and a September forecast of 18.

Bonus Questions

6. A trend projection using a regression equation Y = a + bX where is X is the month number. (example: for June, X = 6)

7. With the data given, which method would minimize the error in forecast?

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OPERATION MANAGEMENT ASSIGNMENT – 1 Forecasting need to be done with Excel urgent

 

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OPERATION MANAGEMENT ASSIGNMENT – 1 Forecasting need to be done with Excel urgent

OPERATION MANAGEMENT
ASSIGNMENT – 1 Forecasting
Note: Use MS Excel and submit one file with 7 tabs, one for each of the following questions.

The monthly sales of the year 2019 for Yazici Batteries, Inc., were as follows:

Month
2019 Sales

January
20

February
21

March
15

April
14

May
13

June
16

July
17

August
18

September
20

October
20

November
21

December
23

1. Plot the monthly sales.

2. Forecast January 2020 sales using the Naive method

3. Forecast January 2020 sales using a 3-month moving average.

4. Forecast January 2020 sales using a 6-month weighted average using .1, .1, .1, .2, .2, and .3, with the heaviest weights applied to the most recent months.

5. Forecast January 2020 sales using exponential smoothening where α = .3 and a September forecast of 18.

Bonus Questions

6. A trend projection using a regression equation Y = a + bX where is X is the month number. (example: for June, X = 6)

7. With the data given, which method would minimize the error in forecast?

The post OPERATION MANAGEMENT ASSIGNMENT – 1 Forecasting need to be done with Excel urgent appeared first on Best Custom Essay Writing Services | ourWebsite.

OPERATION MANAGEMENT ASSIGNMENT – 1 Forecasting need to be done with Excel urgent