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02/10/2020 Client: arwaabdullah Deadline: 24 Hours



question 1:


Should a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach? Your initial post should be 200-250 words.


Question 2:


Read Problem 6 in Chapter 6 of your textbook. Calculate and answer parts a through d. Include all calculations and spreadsheets in your post. Explain why the moving average method was used instead of another forecasting method. What might be another forecasting method that could prove to be just as useful? Your initial post should be 200-250 words.


Problem 6:


The figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year period.


Year   Mergers


2000     46


2006     83


2001    46


2007   123


2002     62


2008     97


2003     45


2009   186


2004    64


2005    61


2006    83


2007   123


 2008   97


2009  186


2010   225


2011   240



  • a Calculate a 5-year moving average to forecast the number of mergers for 2012.

  • Use the moving average technique to determine the forecast for 2005 to 2011. Calculate measurement error using MSE and MAD.

  • Calculate a 5-year weighted moving average to forecast the number of mergers for 2012. Use weights of 0.10, 0.15, 0.20, 0.25, and 0.30, with the most recent year weighted being the largest.

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