What do you mean by demand forecasting? Discuss few techniques of demand forecasting in detail giving example. Car sales at a dealership for the past 5 months are shown below MONTH SALES 1 MAY 50 2 JUN 49 3 JUL 51 4 AUG 43 5 SEP 44 6 OCT a. What is the sales forecast in October using 3-month moving average? (5 pts) b. What is the sales forecast in October using 3-month Weighted Average method with September weighted 4, August weighted 2, and July weighted 1? (10 pts) c. What is the sales forecast in October using exponential smoothing with a smoothing coefficient (alpha) of 0.9? (15 pts) d. If the equation for the trend line forecasting method is y = 52.8 -1.8x, what is the sales forecast for October using this method? (5pts) e. Using the trend line forecasting method y = 52.8 - 1.8x, car sales in November are expected to be _________________ compared to sales in October (5 pts)
How will you forecast the demand for 7th week? We will be using the forecasted value only na when we will take the last 4 values using 4 months moving average? I.e. 3 values of actual demand and 1 will be of forecasted?
Who said any theory is applicable to stock market . Every day situation changes at every moment where nothing is constant . Practical is always different than theory. We never apply any theory only observing current overall & stock trend & volume % of buyers & sellers. Candle stick pattern & its sizes . This teaches a lot . Theory not required here . Our theory is concentrate attention what you want & take judgement. You theory beyond understanding level so it is rejected .
Thankyou, I really appreciate this quick and simple explanation
What do you mean by demand forecasting? Discuss few techniques of demand forecasting in detail giving example. Car sales at a dealership for the past 5 months are shown below MONTH SALES 1 MAY 50 2 JUN 49 3 JUL 51 4 AUG 43 5 SEP 44 6 OCT a. What is the sales forecast in October using 3-month moving average? (5 pts) b. What is the sales forecast in October using 3-month Weighted Average method with September weighted 4, August weighted 2, and July weighted 1? (10 pts) c. What is the sales forecast in October using exponential smoothing with a smoothing coefficient (alpha) of 0.9? (15 pts) d. If the equation for the trend line forecasting method is y = 52.8 -1.8x, what is the sales forecast for October using this method? (5pts) e. Using the trend line forecasting method y = 52.8 - 1.8x, car sales in November are expected to be _________________ compared to sales in October (5 pts)
How will you forecast the demand for 7th week? We will be using the forecasted value only na when we will take the last 4 values using 4 months moving average? I.e. 3 values of actual demand and 1 will be of forecasted?
Who said any theory is applicable to stock market . Every day situation changes at every moment where nothing is constant . Practical is always different than theory. We never apply any theory only observing current overall & stock trend & volume % of buyers & sellers. Candle stick pattern & its sizes . This teaches a lot . Theory not required here . Our theory is concentrate attention what you want & take judgement.
You theory beyond understanding level so it is rejected .
Thanks sir. It's so complicated reading it from the textbook. You made the concept easy to understand
Well explained Sir 😊😊
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Thanks sir it is really helpful.
Thank You