Purchase Solution

Forecasting

Not what you're looking for?

Ask Custom Question

A manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. At the end of December, the company wishes to forecast sales for January. The estimate of trend through November has been 200 additional boards sold per month. Average sales have been around 1000 units per month. The demand for December was 1100 units. The company uses ? = 0.20 and ? = 0.10. Make a forecast including trend for the month of January.

The level of the series is units
The trend is units.

The forecast including trend is units.

Purchase this Solution
Solution Summary

The solution illustrates a forecasting problem using exponential smoothing.

Solution Preview

Solution

Here it is given that
A Dec = 1100 units/month
S Nov = 1000 units/month
T Nov = 200 units/month
 = 0.20
 = 0.10

Step ...

Purchase this Solution
Free BrainMass Quizzes
Operations Management

This quiz tests a student's knowledge about Operations Management

Motivation

This tests some key elements of major motivation theories.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

View More Free Quizzes
Related BrainMass Solutions

  • Appropriate Forecasting Technique for Aldi Foods

    (forecasting, n.d).

  • Planning tools for forecasting

    Forecasting Planning Tools 1. Quantitative Forecasting - This type of forecasting is a common method used in organizations. Quantitative predictions are generated by using past or historical data to forecast the future.

  • Developing a Financial Forecast for the Division

    Forecasting is an essential part of budgeting. Forecasting can be made by a firm for purpose other than budgeting whereas Budgeting makes by firm for purpose of forecasting (Kinney & Raiborn, 2008).

  • discussion on methodology of forecasting

    389756 Discussion on Methodology of Forecasting Provide an introduction and background discussion on methodology of forecasting. Give an example on forecasting. Forecasting is the practice of estimating future events.

  • Forecasting tools

    223236 Forecasting tools What criteria should an organization use in deciding what type of forecasting tools they should use? Criteria Used to Select Forecasting Tools Forecasting Tool is used to estimate the unknown events and situations.

  • Understanding Forecasting models as they apply to products

    houses can be forecasted by using linear regression model of forecasting-a quantitative method of demand forecasting.

  • Forecasting Methods used by Modern Corporations

    One of the newer forecasting techniques is called "scenario forecasting" (Dictionary of American History, 2003).

  • Types of demand forecasting

    This discusses the types of demand forecasting

  • The Challenges of Forecasting

    Consequences of under/over forecasting: • Under forecasting can result to opportunity cost of not being able to sell the product because no inventory exists • Under forecasting will result to lost commission for potential sales • Over forecasting

  • RevPAR and Forecasting

    409845 RevPAR and Forecasting Why is forecasting so important? How are RevPAR used for forecasting? Why is forecasting so important? How are RevPAR used for forecasting? Forecasting is important because it is less time consuming.

View More Related Solutions