I need answers for Chapter 5 Problem 28. Render ISBN # 13: 978-0-13-45316-1. Problem Reads: sales...

90.2K

Verified Solution

Question

Advance Math

I need answers for Chapter 5 Problem 28. Render ISBN # 13:978-0-13-45316-1. Problem Reads: sales of industrial vacuumcleaners at R. Lowenthal supply Co. over the past 13 months are asfollows: sales ($1,000s) Month. First row is 11 sales MonthJanuary. Need the following a) using a moving average with threeperiods, determine the demand for vacuum cleaners for next Feb.also (B), (C), (d) answers? this problem can be found on p. 179. intextbook Quantitative Analysis for Management 13 th. ed. Render.Here is a problem: Sales of industrial vacuum cleaners at R.Lowenthal Supply co. over the past 13 months are as follows.Heading: Monthly Sales are in ($1,000s - Month). January Sales (11)($1,000s) February Sales (14) March Sales (16) April (10) May (15)June (17) July (11) August (14) September (17) October (12)November (14) December (16) January (11). Question (a). Using amoving average with three periods, determine the demand for vacuumcleaners for next February. (b) Using a weighted moving averagewith three periods, determine the demand for vacuum cleaners forFebruary. Use 3, 2, and 1 for the weights of the most recent,second most recent, and third most recent periods, respectively.For example, if you were forecasting the demand for February,November would have a weight of 1, December would have a weight of2, and January would have a weight of 3. (c) Evaluate the accuracyof each of these methods. (d) What other factors might R. Lowenthalconsider in forecasting sales?       

Answer & Explanation Solved by verified expert
3.7 Ratings (427 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students