Grading Summary
Question 1. (TCO 1) Gary Puckette, the research and development director at ABC Company, and Steve Gap, ABC’s marketing director, have been asked by General Manger Dick Clark to prepare a cash budget for a new product’s future development. When Gary and Steve select their quantitative forecasting method, on which time horizon should they be focusing on to choose their forecasting method?
Question 2. (TCOs 1 and 2) Weekly sales of gallons of milk at the corner store are shown below. Using these data, forecast Week 7 using a 6-week moving average.
Question 3. (TCOs 3 and 4) In a regression equation, y = a + bx, which is the independent variable?
Question 4. (TCOs 3, 4, and 5) While conducting an end-of-year finished goods inventory at his furniture store, Bob was able to construct the following data on of his nonseasonal furniture items.
- Use trend projection to estimate the relationship between time and sales (state the equation).
- Calculate forecasts for the remaining 5 months of the next year.
Question 1.the research and development director at ABC Company, and Steve Gap, ABC’s marketing director, have been asked by General Manger Dick Clark to prepare a cash budget for a new product’s future development. When Gary and Steve select their quantitative forecasting method, on which time horizon should they be focusing on to choose their forecasting method?
