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  • HW Re Forecasting

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    Queenx Arsitoy
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    This document provides instructions for an individual homework assignment on forecasting. It states that the work must be typed on bond paper and includes 5 questions asking about forecasting customer numbers for a retail store using different methods, factors to consider when forecasting initial sales of a new product, evaluating the accuracy of weather forecasts, the impact of technology on forecasting, and the relationship between forecast horizon, accuracy, and production flexibility.

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    This document provides instructions for an individual homework assignment on forecasting. It states that the work must be typed on bond paper and includes 5 questions asking about forecasting customer numbers for a retail store using different methods, factors to consider when forecasting initial sales of a new product, evaluating the accuracy of weather forecasts, the impact of technology on forecasting, and the relationship between forecast horizon, accuracy, and production flexibility.

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    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    HW Re Forecasting

    Uploaded by

    Queenx Arsitoy
    This document provides instructions for an individual homework assignment on forecasting. It states that the work must be typed on bond paper and includes 5 questions asking about forecasting customer numbers for a retail store using different methods, factors to consider when forecasting initial sales of a new product, evaluating the accuracy of weather forecasts, the impact of technology on forecasting, and the relationship between forecast horizon, accuracy, and production flexibility.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    HW re Forecasting

    -Individual work.
    -Use bond paper and must be typewritten.

    (1) Predict the number of customers in Louis Vuitton given the following data:

    Day = Customers
    01 = 80
    02 = 75
    03 = 78
    04 = 95
    05 = 130
    06 = 136
    07 = 40
    08 = 82
    09 = 77
    10 = 80
    11 = 94
    12 = 131
    13 = 137
    14 = 42
    15 = ?
    16 = ?
    17 = ?
    18 = ?
    19 = ?
    20 = ?
    21 = ?

    Use (a) naive method and (b) 7 day moving average forecast to predict the number of customers for the following
    week.

    (2) Suppose Louis Vuitton is about to release a new design. What information do you think he would take into
    account in forecasting intial sales?

    (3) How accurate is the Yahoo! 5 day weather forecast (http://weather.yahoo.com/philippines/national-capital-


    region/manila-1199477/)? Support your answer with data.

    (4) How has technology had an impact on forecasting?

    (5) Explain how flexibility in production systems relates to the forecast horizon and forecast accuracy.

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