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- QUESTION 5:What is demand forecasting and why it’s vital to the company’s operations?QUESTION 4 A company's focus should be on how to move from a demand-driven mentality to a forecast-driven mentality. True FalseQuestion Completion Status: Year 1 2 seconds. Tucson Macninary, Inc. manufacturers numerically controlled macnines (NCMS), which sell for an average price of $0.5 million each. Sales for these NCMS for the past two years were as follows: P Quarter 1 Quarter 2 Quarter 3 Quarter 4 12 18 26 16 16 24 28 18 What season factor would be associated with the fourth quarter? Show the formula you used and how you derived the answer. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial A Moving to another question will save this response. 10pt hyji 27 描く A Bb toggle_stat... A N IQ5 0 WORDS POWERED BY TINY Question 8 of 19 > >> 1:34 PM 9/30/2022
- Question 1After collecting all those information, David is trying to conceptualize his problem. Supposeyou were David, how you will analysing the problem.You are expected to describe and investigate the problem in a more systematic way, andprovide answers for:• What were the key decisions?• What were the key uncertainties?• What was the timing of decisions?• What was the timing of the resolution of uncertainty?• What data would he need in order to make an intelligent, defensible decision?Question 1. The dean of a school of business is forecasting total student enrollment for this year (2019)'s summer session classes based on the following historical data: YEAR TOTAL ENROLLMENT y 2,000 2,200 2,800 3,000 2015 2016 2017 2018Question 1Winter Blues is a company that specializes in the sales of Wedding Dresses to individuals and companies. Winter Blues year end is 30 June 2021. The audit manager has tasked you with reviewing their computer system. Background Information The business was started in 2010 by Mirram Mulwanda as a small boutique. Over the years multiple stores were opened across Namibia. It has been Namibia’s dream to grow the business and sell to all the provinces of Namibia. In 2015 the sales clerk suggested to Mirram to introduce selling via the internet through Instragram Boutique System. That way she will grow her market by reaching her customers wherever they are. Mirriam tasked the IT department with the development of Instragram Boutique System in as she was not comfortable with purchasing a Computerized System. Additional Information regarding the business operations Ordering of goods is done by Mirriam the order clerk using a terminal that has been allocated to her. Orders are received…
- Q1 LAB2 subject : production and operation management please answer ASAPQUESTION 1 The table below shows the sales figures for a brand of shoe over the last 12 months. Months SalesJanuary 69February 75March 86April 92May 95June 100July 108August 115September 125October 131November 140December 150 a. Using the following, forecast the sales for the months up to January the following year:-i. A simple three month moving average. ii. A three period weighted moving average using weights of 1, 2 and 3. Assign thehighest weight to the most recent data. iii. Exponential Smoothing when α= .6 and the forecast for March is 350.iv. Determine which of the three forecasting technique is the most accurate using MADQ.1: How forecasting helps in different disciplines of management science? Make a comparison between quantitative forecasting versus qualitative forecasting
- Question 5 In the context of account classification, which of the following is a benefit of single-factor analysis? O It employs a matrix system. O It is used for goal setting. It requires no data manipulation. O It provides equal weightage to all categories of accounts. O It uses statistical analysis.QUESTION # 7 A small restaurant offers tacos to their patrons. One of their specialties is the Mega Taco Supreme. A weekly forecast of the demand of this special taco is to be made in order for the manager to order taco shells in time. Recently the demand has been as follows: Week Tacos Week Таcos April 6 April 13 Аpril 20 April 27 May 4 Мay 11 56 60 65 56 55 50 a. Forecast the demand for the taco for April 27 to May 18 by using the simple moving average method with n-3. Then repeat the forecast by using the weighted moving average method with n=3 and weights of 0.5, 0.3, and 0.2 with 0.5 applied to the most recent demand. b. Calculate the MAD for each method and compare.QUESTION 8 The point in the supply chain where the business switches from forecast-driven to demand-driven is called the point.