Question OM300: Homework #8 For problems 1 and 2, construct an

26 May Question OM300: Homework #8 For problems 1 and 2, construct an

Posted at 10:55h in Essay Writing Services by Past Papers

Question

OM300: Homework #8
For problems 1 and 2, construct an EXCEL spreadsheet to do the calculations. Submit two “screenshots” of your Excel spreadsheet. The first printout should show your solution, and the second should display the formulas, gridlines, and the row and column headings.
Do problem 3 using Excel and Excel’s SOLVER. Submit two “screen snapshots” of your EXCEL spreadsheet. The first printout should show your solution and the Solver dialog settings, while the second should display the formulas, gridlines, and the row and column headings.

1. The following data are monthly sales of jeans at a local department store. Use this data to answer the following questions.
Month Sales
January 55
February 47
March 50
April 40
May 30
June 45
a. (10) What are the naïve forecasts for February through July?
b. (15) What are the two-month moving average forecasts for March through July?
c. (15) What are the exponential smoothing forecasts for February through July using ? = 0.20? Hint: Use the naïve forecast to start the exponential smoothing process.

2. Compute the MAD, MSE, and Tracking Signal for the
a. (9) Naïve forecasts for February through June,
b. (9) Two-month moving average forecasts for March through June, and
c. (9) Exponential smoothing forecasts for February through June.
d. (8) Based on these results, which forecasting method would you recommend that the store use to forecast the future monthly sales of jeans and why?

3. Construct a spreadsheet model to calculate the exponential smoothing forecasts for February through June and the MSE of these forecasts.
Use Excel Solver to find the value of ? that minimizes the MSE of these forecasts.

Tutorials for this Question

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

About Writedemy

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order

Print page