1. Which of the following forecasting method is most appropriate for the demand pattern given in the
1. Which of the following forecasting method is most appropriate for the demand pattern given in the figure below? a. Exponential smoothing b. Double exponential smoothing c. Moving average d. Linear Regression adjusted with seasonal indices 2. Suppose your firm, which has only been manufacturing one product for years, is about to launch a radically different second product. Which of the following methods should you use to forecast demand for the new product? a. Linear Regression on recent demand data for the first product b. Double exponential smoothing on recent demand data for the first product c. Talk to a group of industry experts from the new product category d. Exponential smoothing on recent demand data for the first product 3. The revenue for a casino over the past four weeks is given below. WEEK REVENUE 1 $250,000 2 $200,000 3 $300,000 4 $280,000 If you use simple moving average with n = 3 weeks, what would be your forecast for week 5? a. $250,000 b. $257,500 c. $260,000 d. $290,000
Apr 06 2022 12:57 PM
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