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MakcuM [25]
3 years ago
8

Professor Shethinks Shesverybusy needs to allocate time this week for office appointments, so she needs to forecast the number o

f students who will seek appointments. The professor has gathered the following time series data recently: Period Student Appointments 4 weeks ago 95 3 weeks ago 80 2 weeks ago 65 Last week 50 What would be this week's forecast for student appointments using exponential smoothing with alpha of 0.2, if the forecast for two weeks ago was 90?
Business
1 answer:
Burka [1]3 years ago
7 0

Answer: This Week's forecast  = 78 appointments

Explanation:

4 Weeks ago = 95 , 3 Weeks ago =80 , 2 Weeks ago = 65 , last Week = 50

forecast : 2 weeks ago = 90

alpha = 0.20

exponential smoothing = recent previous appointment x a + forecast(1-a)

Forecast (last week) = 65 x 0.20 + 90 x (1 - 0.20)

Forecast (last week) = 13 + 72 = 85

Forecast for this week = 50 x 0.20 + 85 x (1 - 0.20)

Forecast for this week = 10 + 68 = 78

This Week's forecast would be 78 appointments

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Answer:

The optimal stocking level for the bakery is cakes 27.

Explanation:

Cost c = $ 7

Selling price p = $ 10

salvage value s = $ 5

Mean = 25

Standard deviation \sigma = 8

Cu = underage cost

    = p-c

    = $10 - $7

    = $3

Co = overage cost

     = c-s

     = $7 - $5

     = $2

P\leq C_{u}/(C_{u}+C_{o})

P\leq3/(3+2)

= 0.6

By using normsinv() function in excel we to find the correct critical value

The Z value for the probability 0.6 is 0.2533

The optimal stocking level is

=\mu +z\sigma

= 25 + 0.2533 *8

= 27.02

The optimal stocking level of bakery is 27.02

Therefore, The optimal stocking level for the bakery is cakes 27.

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3 years ago
A successful sushi chain in Hong Kong spent $500,000 to conduct a study on whether to open a location in the United States. The
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Answer:

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4 0
3 years ago
Explain six Differences between private and public company​
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<h3>Question:</h3>

•explain six Differences between private and public company.

Answer:

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Explanation:

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6 0
2 years ago
If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then
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Answer:

C. not change, and the price received by sellers will not change.

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Answer:

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