Toggle navigation
Ask Questions
Ask
Answer Questions
Answer
Users
FAQ
Login
Register
Preview 50% of the Answer Below
Due to formatting, images, tables, or paragraphs may be out of place or not shown. Rest assured that they will be included and formatted correctly in your purchased answer.
Details
Question Title:
Operations Management
Go Back to the Question
Answer Preview
<XX>XXXXX:<br><XX>α = 0.4<br><span XXXXX="text-with-XXXXXXXXXXX" <the="" XXXXXXXXX="" XXX="" XXXXXX="" XX="" estimated="" XX="" XX="" $39="" million.&XX;="" span=""><XX>for june: 0.4∗47+0.X∗XX=XX.8+23.4=42.2forecastjune=X∗actualmay+(1−α)∗XXXXXXXXXXX=0.X∗47+X.6∗39=18.X+XX.4=42.X<XX><XX>for XXXX: 0.X∗53+0.X∗42.2=21.2+25.XX=46.52forecastjuly=α∗XXXXXXXXXX+(X−X)∗XXXXXXXXXXXX=X.X∗XX+0.6∗42.2=21.2+25.XX=46.XX<br><XX>for XXXXXX: 0.4∗XX+X.X∗46.XX=XX.X+XX.912=XX.XXXXXXXXXXXXXXXXX=X∗actualjuly+(1−α)∗forecastjuly=X.X∗XX+0.6∗46.52=24.X+XX.912=XX.XXX<br><XX>&XX;span XXXXX="XXXX-XXXX-XXXXXXXXXXX"&XX;now, let's calculate the XXXX XXXXXXXX XXXXXXX XXXXX (XXXX) XXX both methods:now, XXX's calculate XXX XXXX XXXXXXXX XXXXXXX error (mape) XXX XXXX methods:</span&XX;<br><XX>&XX;span XXXXX="text-XXXX-XXXXXXXXXXX"&XX;for X-month XXXXXXXX moving XXXXXXX:for 3-XXXXX weighted XXXXXX XXXXXXX:</span><br><br>XXXX: ∣(47−42.875)/XX∣∗100=X.XXXXXXXXXX=∣(XX−42.875)/XX∣∗100=8.80<br>july: ∣(XX−50.125)/XX∣∗100=5.41mapejuly=∣(XX−50.125)/XX∣∗100=X.41<br>august: ∣(XX−58.XX)/XX∣∗100=X.96mapeaugust=∣(XX−XX.25)/XX∣∗XXX=X.96<XX>for exponential smoothing:<br><XX>XXXX: ∣(XX−XX.X)/XX∣∗XXX=9.XXXXXXXXXX=∣(47−XX.2)/47∣∗100=9.XX<XX>XXXX: ∣(53−46.XX)/XX∣∗100=XX.XXXXXXXXXX=∣(53−46.XX)/XX∣∗XXX=12.26<br>august: ∣(XX−52.XXX)/XX∣∗XXX=XX.XXXXXXXXXXXX=∣(62−XX.XXX)/62∣∗XXX=XX.97<XX>&XX;span XXXXX="XXXX-XXXX-replacments">XX mape XXXXXX, XXX 3-XXXXX XXXXXXXX XXXXXX XXXXXXX approach XXXXXX to be more XXXXXXX forecasting the values of XXXX, XXXX, XXX august than the exponential smoothing.</span&XX;</p>">
