Calculate a forecast of the demand, Operation Management

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Calculate a forecast of the demand

The ABC Floral Shop sold the following number of geraniums during the last two weeks:

Day Demand Day Demand
1 200 8 150
2 134 9 182
3 157 10 197
4 165 11 136
5 177 12 163
6 125 13 157
7 146 14 169

Develop a spreadsheet to answer the questions. Calculate a forecast of the above demand using a three- and five-period moving average. Graph these forecasts and the original data using Excel. What does the graph show? Which of the above forecasts is best? Why?

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Operation Management: Calculate a forecast of the demand

Reference No:- TGS091329

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Operation Management: Calculate a forecast of the demand

Reference No:- TGS091329

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : Estimate time and parts costs to be for the dozen units

Q : Desired objectives of sales promotions

Q : What should be the charge for depreciation in 2008

Q : Use of pesticides or chemical fertilizers

Q : Calculate a forecast of the demand

Q : Current brand strategy

Q : Nonconforming goods to a vendor

Q : Accounting and financial reporting

Q : Determine the value of the firm

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: Calculate a forecast of the demand

Reference No:- TGS091329

Recent Questions Asked Operation Management

Q : Estimate time and parts costs to be for the dozen units

Q : Desired objectives of sales promotions

Q : What should be the charge for depreciation in 2008

Q : Use of pesticides or chemical fertilizers

Q : Calculate a forecast of the demand

Q : Current brand strategy

Q : Nonconforming goods to a vendor

Q : Accounting and financial reporting

Q : Determine the value of the firm

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