Exponential Smoothing Forecasting Method Essay
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Exponential Smoothing Forecasting Method Essay
Captain John, owner of a boat company has a contract to manufacture 8 boats. He sees that 300 workers had to work 40 hours each to build the first boat. Astonishingly, it took 68 workers less to construct the third boat, with each worker working 40 hours each again. Banking on a learning curve, how many hours in total will John’s company take to satisfy the contract? What would be the number of workers to build the 5th, 6th and 7th unit?
A new product requires 100 labour hours for the first unit. If the production line operates at an 83% learning rate, what will be the average labour hours per unit required to produce 4 units?
Given is the historical monthly data of demand for a product manufactured by XR Manufacturers.
Month units Month units Jan 750 Jul 698 Feb 840 Aug 452 Mar 454 Sep 854 Apr 258 Oct 879 May 459 Nov 658 Jun 732 Dec 850
Forecast the simple three-month moving average for months Apr to Dec. Also forecast the weighted three-month moving average for months April to December using weights 0.5, 0.3, 0.2
for the most recent, second most recent and third most recent periods respectively. Based on the mean absolute deviation, suggest the best forecast method for this business.
For Problem 3, use exponential smoothing forecasting method to estimate the demands from May to December with exponential smoothing factors being 0.1 and 0.6. Based on mean absolute deviation, is exponential smoothing forecast yielding better results than the other two forecasting techniques? Assume the forecast for the month of April to be the value obtained from the weighted moving average method in the previous problem.
Given the data below, what is the simple linear regression model that can be used to predict sales in future weeks?
Week Sales 1 245 2 265 3 296 4 166 5 198
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow Analyze the Water Footprint Results