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  • Tutorial 3 MGT601

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    Mr. Sailosi Kaitabu
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    The document discusses questions from a tutorial on forecasting techniques. Question 1 provides data on the number of complaints over 6 periods. It then shows 4 approaches to forecasting the number of complaints for period 6: a) using the actual previous value, b) averaging the last 3 values, c) using a weighted average of the last 3 values, d) using an exponential smoothing technique. Question 2 provides a line graph of demand over 9 periods. Question 3-5 ask additional questions.

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    The document discusses questions from a tutorial on forecasting techniques. Question 1 provides data on the number of complaints over 6 periods. It then shows 4 approaches to forecasting the number of complaints for period 6: a) using the actual previous value, b) averaging the last 3 values, c) using a weighted average of the last 3 values, d) using an exponential smoothing technique. Question 2 provides a line graph of demand over 9 periods. Question 3-5 ask additional questions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    14 views4 pages

    Tutorial 3 MGT601

    Uploaded by

    Mr. Sailosi Kaitabu
    The document discusses questions from a tutorial on forecasting techniques. Question 1 provides data on the number of complaints over 6 periods. It then shows 4 approaches to forecasting the number of complaints for period 6: a) using the actual previous value, b) averaging the last 3 values, c) using a weighted average of the last 3 values, d) using an exponential smoothing technique. Question 2 provides a line graph of demand over 9 periods. Question 3-5 ask additional questions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Tutorial 3

    Question 1

    A) The appropriate naïve approach will be the actual figures for the previous period which is 64.
    B) F6= 64+58+55 = 59
    3
    C) F6=0.50(64) + 0.30(58)+0.20(55) =60.4
    D)

    Number
    Period of Forecast Calculations
    complaints
    1 60
    2 65 60 [ Use previous value of series]
    3 55 62 60 + 0.40 (65 – 60) = 62
    4 58 59.2 62 + 0.40 ( 55 - 62 ) = 59.2
    5 64 58.72 59.2 + 0.40 ( 58 – 59.2 ) = 58.72
    6 60.83 58.72 + 0.40 (64 – 58.72) = 60.83

    QUESTION 2
    DEMAND
    70

    62
    60 60
    55 55 56
    54
    52
    50 50
    44
    40 DEMAND

    30

    20

    10

    0
    0 1 2 3 4 5 6 7 8 9

    PERIOD DEMAND
    0  
    1 44
    2 52
    3 50
    4 54
    5 55
    6 55
    7 60
    8 56
    9 62

    Question 3
    Question 4

    Question 5

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