1. (TCO 5) What is the forecast for May, based on a weighted moving average - 88106

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1. (TCO 5) What is the forecast for May, based on a weighted moving average applied to the following past-demand data and using the weights 4, 3, 2 (largest weight is for most recent data)? Nov. Dec. Jan. Feb. Mar. April 37 36 40 42 47 43 42.5 33.6 40.3 44.1 39.22 2. (TCO 5) Jim's department at a local department store has tracked the sales of a product over the last ten weeks exponential smoothing with an alpha of 0.4. In January he forecasted $150,000 in sales and achieved $155,000 is sales. Using this same forecasting model, estimate Jim’s February sales. $152,000 $155,000 $157,000 $305,000 3. (TCO 5) What is the approximate forecast for May using a four-month moving average? Nov. Dec. Jan. Feb. Mar. April 39 36 40 42 48 46 32 44 48 40 1. (TCO 7) Which of these statements best describes virtual reality technology? It is used to monitor and control a physical process. It is the use of special computer programs to direct and control manufacturing equipment. It is the ability to depict objects in three-dimensional form. It is a visual form of communication in which images substitute for the real thing. 2. (TCO 7) Which of the following helps operations managers focus on the critical few and not the trivial many? value analysis value engineering financial analysis product-by-value analysis product cost justification 3. (TCO 7) Which of the following moments of truth exemplifies the customer's standard expectations? Your advisor made you wait, even though you had an appointment You had to visit more than once to reach your academic advisor Your advisor was competent, helpful, and understanding Your advisor failed to keep her appointment with you 4. (TCO 7) In which stage of the product life cycle does cost control need to be improved? introduction growth maturity decline
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