knows customer well; 2.sales territories are typically divided by district/region and thus sales forecasts can be broken down correspondingly •...
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SMOOTHING TECHNIQUES Several techniques are available to forecast time-series data that are stationary or that include no significant trend,...
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cake sales from January to September. (i) Forecast sales from April through September using a three-month moving average. (ii) Use simple...
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predictor of future sales is: Student Answer: Moving average model Weighted moving average model Closest moving average model ...
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Introduction……………………………………………………………………………………………5 3.0 Question 1……………………………………………………………………………………………...6 4.1 a) Time series...
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Involve mathematical technique Quantitative Forecast Methods Time Series Models – used history data to predict future demand Moving average,...
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forecast for September sales of a product would be equal to the sales in August. True (Time-series forecasting, easy) 11. One advantage of...
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linear, S-curve, asymptotic, and exponential. Time Series Methods Simple Moving Average Weighted Moving Average Exponential...
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minimum. 6. The disadvantages of moving average forecasting models are that the averages always stay within past ranges, that they require...
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|Historical |3-week MA |6-week MA |Weighted MA |Exponential |Exponential | |...
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good forecast. Outline the steps in the forecasting process. Describe at least three qualitative forecasting techniques and the advantages and...
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Moving averages 3. Exponential smoothing 4. Trend projection Model 2: associative model 1. Linear regression...
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Year Deposit GSP 2003 108.9 million 5.3 billion b. Moving Average: For Ma =3 For Ma=5 c....
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situation. Conduct a Delphi torecasting exercise. Describe the features of exponential smoothing that make it an attractive...
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have a low probability of persistence. This paper develops an exponential smoothing model designed to damp erratic trends. The...
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used • Procedure includes discussions and / or average of all executives’ individual opinion • Advantages: quick forecast, less expensive •...
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demand behavior. It reacts directly to the normal random movements in demand. Moving Average Weighted Moving Average Exponential...
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Difficulty: Medium Page: 69 2. For new products in a strong growth mode, a low alpha will minimize forecast errors when using...
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salespeople’s forecasts is that (in theory) salespeople are most qualified to explain the demand for products, especially in their own territories. The...
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forecasting methods • Non-quantitative (qualitative) methods 22 • Quantitative forecasting methods Trend analysis Moving average...
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