Demand for a certain product is forecast to be 800 units per month, averaged over all 12 months of the year. The product follows a seasonal pattern, for which the January monthly index is 0.75. What is the seasonally-adjusted sales forecast for January?

Core competencies are good candidates for outsourcing.

Periodic review inventory models generate order quantities that vary from time period to time period, depending on the usage rate.

What is the forecast for May using a three-month weighted moving average with weights=.5 for the most recent, .3 for the month before, and .2 for two months ago? Nov. Dec. Jan. Feb. Mar. April 39 36 40 44 39 45

Which of the following is NOT a typical benefit of centralized purchasing?

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.