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    Operations management - job forecasting firm's sales

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    Problem:
    You have been assigned the job of forecasting your firm's sales.

    Sales for the past 10 periods are as following:

    PERIOD SALES
    1 188
    2 255
    3 355
    4 344
    5 399
    6 422
    7 401
    8 477
    9 499
    10 502

    You wish to forecast sales for period #11. What is the forecast for period #11 using the following methods:
    a. Naïve Forecast
    b. 3-period moving average
    c. 3-period moving average, using weights of .5, .3 and .2
    d. Exponential smoothing, assuming a period 2 forecast of 188 and an alpha of .4
    e. Linear trend, using regression analysis and Excel as done in the example problem.

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    https://brainmass.com/business/business-management/operations-management-225507

    Solution Summary

    Operations management is used for job forecasting firm's sales. The past 10 periods are examined.

    $2.19

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