Exponential Smoothing when α= .6 and the forecast for March is 350.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
QUESTION 1
The table below shows the sales figures for a brand of shoe over the last 12 months.
Months Sales
January 69
February 75
March 86
April 92
May 95
June 100
July 108
August 115
September 125
October 131
November 140
December 150
a. Using the following,
iii. Exponential Smoothing when α= .6 and the forecast for March is 350.
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