Given an actual demand this period of 100, a forecast value for this period of 138, and an alpha of 0.88, what is the exponential smoothing forecast for next period? (Round answer to the nearest whole number.) O A. 105 OB. 133 O C. 100 OD. 138 O E. 67
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Under what conditions might a firm use multiple forecasting methods?
- The sales of XYZ company for the previous three perlods are 45, 42, and 43 respectively Entimate the sales of the fourth perlod by exponential smoothing with 0S.Ube nalve as a starting/initial forecast (Round to 2 declmats)Given an actual demand this period of 100, a forecast value for this period of 130, and an alpha of 0.6, what is the exponential smoothing forecast for next period? (Round answer to the nearest whole number.) O A. 100 OB. 130 C. 82 O D. O E. 112 118Given an actual demand this period of 143, a forecast value for this period of 119, and an alpha of .6, what is the exponential smoothing forecast for next period? 123.8 118.2 O 122.2 119.8 O 117.4
- Given an actual demand this period of 103, a forecast value for this period of 99, and an alpha of .4, what is the exponential smoothing forecast for next period? Forecast = [Blank1] 94.6 103.0 100.6 O 97.4← Given an actual demand this period of 100, a forecast value for this period of 110, and an alpha of 0.84, what is the exponential smoothing forecast for next period? (Round answer to the nearest whole number.) O A. 102 OB. 108 O C. 92 OD. 100 OE. 110Given the following data, use exponential smoothing (a=0.20) to develop a demand forecast. Assume the forecast for the initial period is 6. Period Demand Period Forecast 2 2 1 3 7 9 8 The exponential smoothing forecast is (round your responses to two decimal places): 1 5 6 6.00 2 3 4 8 4 5 13 6 s D 6 7
- If the old forecast is 100 and the latest actual demand is 83, what is the exponentiallysmoothed forecast for the next period? Alpha is 0.25.Forecast Including TrendAssume a previous forecast, including a trend of 110 units, a previous trend estimate of 10 units, an alpha of .20, and a delta of .30. If actual demand turned out to be 115 rather than the forecast 110, calculate the forecast for the next period.Using the exponential smoothing forecast, is it possible to forecast a demand that isbigger than any previously observed demand?a. Yesb. No