A time-series trend regression equation is y=22.3 + 3.1x. What is your forecast for period 7?

Forecasts are about predicting the future on the basis of what’s gone on in the past.

While the prices that consumers pay are often inflexible, a significant number of final prices paid in business-to-business transactions are negotiated.

Given an actual demand this period of 61, a forecast for this period of 58, and an alpha of 0.3, what would the forecast for the next period be using exponential smoothing?

The reorder point is the inventory level at which action is taken to replenish the stocked item.

In a retail environment, there is no need to hold inventory because retailers can perfectly predict when shoppers will show up and what they wish to purchase.

A time-series trend regression equation is y=22.3 + 4.1x. What is your forecast for period 7?

What is the forecast for May using a three-month weighted moving average with weights=.6 for the most recent, .3 for the month before, and .1 for two months ago? Nov. Dec. Jan. Feb. Mar. April 39 36 40 42 48 44  

Demand for ice cream at the Ouachita Dairy can be approximated by a normal distribution with a mean of 15 gallons per day and a standard deviation of 5 gallons per day. The management desires a service level of 90%. Lead time is four days. What reorder point would be consistent with the desired service level in an EOQ model?

The bullwhip effect refers to the increasing fluctuations in orders that often occur as orders move through the supply chain.