Questions from General Business Management

Q: How would the forecast for week 25 of the previous problem change

How would the forecast for week 25 of the previous problem change if the initial forecast was 40 instead of 50? How would the forecast for week 25 change if the forecast for week 1 was assumed to be 6...

Q: Sales of vacuum cleaners over the past 13 months were as follows

Sales of vacuum cleaners over the past 13 months were as follows: (a) Using a moving average with three periods, predict the demand for vacuum cleaners for next February. (b) Using a three-period wei...

Q: Why do you think many quantitative analysts don’t like to participate in

Why do you think many quantitative analysts don’t like to participate in the implementation process? What could be done to change this attitude?

Q: Consulting income at Kate Walsh Associates for the period February–July

Consulting income at Kate Walsh Associates for the period February–July has been as follows: Use exponential smoothing to forecast August’s income. Assume that th...

Q: Resolve Problem 5-33 with

Resolve Problem 5-33 with

Q: A major source of revenue in Texas is a state sales tax

A major source of revenue in Texas is a state sales tax on certain types of goods and services. Data are compiled, and the state comptroller uses them to project future revenues for the state budget....

Q: Using the data in Problem 5-35, develop a multiple

Using the data in Problem 5-35, develop a multiple regression model to predict sales (with both trend and seasonal components), using dummy variables to incorporate the seasonal factor into the model....

Q: Trevor Harty, an avid mountain biker, always wanted to start

Trevor Harty, an avid mountain biker, always wanted to start a business selling top-of-the-line mountain bikes and other outdoor supplies. A little over 6 years ago, he and a silent partner opened a s...

Q: The unemployment rates in the United States during a 10-year

The unemployment rates in the United States during a 10-year period are given in the following table. Use exponential smoothing to find the best forecast for next year. Use smoothing constants of 0.2,...

Q: Management of Davis’s Department Store has used time-series extrapolation to

Management of Davis’s Department Store has used time-series extrapolation to forecast retail sales for the next four quarters. The sales estimates are $100,000, $120,000, $140,000, and $160,000 for th...