Exponential smoothing is used to forecast automobile battery sales.
Exponential smoothing is used to forecast automobile battery sales. Two value of α are examined, α = 0.8 and α = 0.5 Evaluate the accuracy of each smoothing constant. Which is preferable? (Assume the forecast for January was 22 batteries.) Actual sales are given below:
Forecasting Table
Month
Actual Battery Sales
Forecast
January
20
22
February
21
March
15
April
14
May
13
June
16
Problem 2
Coffee Palace’s manager, Joe Felan, suspect that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Joe has gathered the following data, which shows the numbers of these coffees sold over six different price values:
Price Number Sold
$2.70 760
$3.50 510
$2.00 980
$4.20 250
$3.10 320
$4.05 480
Using these data, how many mocha latte coffees would be forecast to be sold according to simple linear regression if the price per cup were $2.80?
Discussion 3
Answer the following question:
Balfour’s is considering building a plant in one of three possible locations. They have estimated the following parameters for each location. For what unit sales volume should they choose each location?
Possible Plant Locations
Location
Fixed Cost
Variable Cost
Waco, Texas
$300,000
$5.75
Tijuana, Mexico
$800,000
$2.75
Fayetteville, Arkansas
$100,000
$8.00
Module 3 Exercise
Complete the following Location Strategy problem:
Our main distribution center in Phoenix, AZ is due to be replaced with a much larger, more modern facility that can handle the tremendous needs that have developed with the city’s growth. Fresh produce travels to the seven store locations several times a day making site selection critical for efficient distribution. Using the data in the following table, determine the map coordinates for the proposed new distribution center.
Location Table
Store Locations
Map Coordinates (x,y)
Truck Round Trips per Day
Mesa
(10,5)
3
Glendale
(3,8)
3
Camelback
(4,7)
2
Scottsdale
(15,10)
6
Apache Junction
(13,3)
5
Sun City
(1,12)
3
Pima
(5,5)
10
Instruction:
-There are 4 total questions overall, make sure they are answered in order.
-Please do this in a word document.
-Please make sure that all the workings are shown and no other software has been used to get the answers.
-Do not copy and paste tables or pictures from any other sources (even excel), make sure they are all the workings are done manually on a word document.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
