Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. My App is a small but growing start-up that sees demand for several of its apps increasing quickly. Thetable below shows the last six months of downloads. Use a forecast for the first month of 220,000, aninitial trend forecast of 40,000, and smoothing parameters of 0.25 for both demand smoothing and trendsmoothing.a.b.Month (t)123456Monthly ApplicationDownloads235,000290,000336,000390,000435,000498,000Forecast for Next Month220,000.00(Round your answer to 2 decimal places.)Month 7's forecast is:Trend40,000.00(Round your answer to 2 decimal places.)Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using doubleexponential smoothing.

Here, each month, I have been given the monthly application downloads data, Here, I would apply the…

a. b. Month (t) 1 2 3 4 5 6 Monthly Application Downloads 235,000 290,000 336,000 390,000 435,000 498,000 Forecast for Next Month 220,000.00 (Round your answer to 2 decimal places.) Month 7's forecast is: Trend 40,000.00 (Round your answer to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing.

a. b. Month (t) 1 2 3 4 5 6 Monthly Application Downloads 235,000 290,000 336,000 390,000 435,000 498,000 Forecast for Next Month 220,000.00 (Round your answer to 2 decimal places.) Month 7's forecast is: Trend 40,000.00 (Round your answer to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double exponential smoothing.

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter14: Pricing Strategies

Section14.2: Forecasting Demand

Problem 1LO

See similar textbooks

Similar questions

Business plan users measures a business and its growth by means of sales, thus statement of sales is a cru- cial part of your business plan. Sales forecasting is a pillar of your business plan but no wories it doesn' require complex equation. In sales forecast, what you needed is an educated guessing based on the pos- sible demand of your product. Below is the demand and supply of t-shirt among your competitors, analyze the figures in the table and discuss what it fries to imply in the box below. Historical Data Total Demond Supply: Competitor A Supply: Competitor Supply Competitor C Total Supply sold per year B sold per year sold per year Year 1 25,037 1110 1221 1343 3674 Year 2 29,540 1721 1843 1977 5541 Year 3 34,494 2825 2888 2966 8679
The sales of XYZ company for the previous three periods are 45, 42, and 43 respectively. Estimate the sales of the fourth period by exponential smoothing with 0.5. Use naïve as a starting/initial forecast (Round to 2 decimals) O a. None is correct O b. 43.25 O c. 41 O d. 41.92 O e. 42.8
Briefly explain how the organization forecast sales for its products (digicel)
Using historical sales data, choose a quantitative technique to forecast sales for that organisation for the next sales period. Comment on the appropriateness of the technique used. (digicel)
A strategic planning that include decisions such as market trends, behaviour and shifts in competitive markets, emerging competition, and long-term expansions could be classified as_______. a. Mid, long, short term forecast b. Short-term forecast c. Mid-term forecast d. Long-term forecast
Year Season Sales 2018 Winter 40 2018 Spring 29 2018 Summer 31 2018 Fall 40 2019 Winter 102 2019 Spring 87 2019 Summer 96 2019 Fall 132 2020 Winter 105 2020 Spring 93 2020 Summer 105 2020 Fall 117 2021 Winter 141 2021 Spring 39 2021 Summer 114 2021 Fall 123 What is the slope of the trend equation obtained by linear regression? Round to two decimal digits. What is the intercept of the trend equation obtained by linear regression? Round to two decimal digits. What is the seasonal index for Spring? Round to two decimal digits. The quarter number for Winter of 2018 is 1. What is the quarter number for Spring of 2025? What is the trend based forecast for Spring of 2025. Round to a whole number. What is the seasonally adjusted trend based forecast for Spring of 2025? Please do not use excel to find the slope and intercept, thank you so much!
Which OPSCM maco designs / operations models / manufacturing environments use a forecast to plan for fulfillment of demand? Select one: A. MTO & ETO B. MTO & MTS C. CTO & MTS D. ETO & MTS E. All of them use forecasts. Clear my choice
My App is a small but growing start-up that sees demand for several of its apps increasing quickly. The table below shows the last six months of downloads. Use a forecast for the first month of 220,000, an initial trend forecast of 35,000, and smoothing parameters of 015 for both demand smoothing and trend smoothing Month (t) Monthly Application Downloads Forecast for Next Month Trend 220,000.00 35,000.00 200,000 2 250, 100 334,000 380,000 440,000 500,000 (Round your answers to 2 decimal places.) Complete the table above, filling in the "Forecast for next month" and "Trend" columns, using double a. exponential smoothing (Round your answers to 2 decimal places.) Month 7's forecast is b.
You manager gave you February 2021 actual sales and sales forecast. This is the only raw data you have access to. Which of the following is the most appropriate technique for forecasting March 2021's sales? a.Simple moving average b.Exponential smoothing c.Causal relationship forecasting d.Simple linear regression e.Weighted moving average
Which type of industries would make the most use of short-range forecasts? Which would make the most use of medium-range forecasts? Which would make the most use of long-range forecasts? Why?
Which type of analytics is used to know the effect of product price on sales. OA) predictive OB) forecast C) prescriptive D) descriptive
Evaluate what is the purpose of a forecast. What factors does a firm use to create its forecasts of future sales, income, expenses, and capital expenditures?