Question Details

BUSN 278 Week 1 Quiz

 1.	Question :	(TCO 1) The budgeting method that seeks input from all levels in a company is known as:

 	
Question 2.	Question :	(TCO 2) Using the table “Gasoline Sales Time Series”, calculate the forecast for gasoline sales (in thousands) for Week 13 using a three day moving average. 
 
Gasoline Sales Time Series
Week	Sales (000- of gallons)
1	17
2	21
3	19
4	23
5	18
6	16
7	20
8	18
9	22
10	20
11	15
12	22


 	

Question 3.	Question :	(TCO 2) Using the table “Computer Sales Time Series”, calculate the mean absolute deviation for a six day moving average.  
 
Computer Sales Time Series
Week	Sales (in thousands)
1	2
2	4
3	5
4	3
5	6
6	7
7	5
8	8
9	4
10	2
11	3
12	5


 	
Question 4.	Question :	(TCO 2) Using the table “Paint Sales Time Series”, calculate the forecast for paint sales (in thousands) for Week 11 using a three day weighted moving average. Use a weight of .40 for the most recent observation, .35 for the second most recent, and .25 for the third most recent. 
 
Paint Sales Time Series
Week	Sales (000- of gallons)
1	6
2	8
3	10
4	9
5	11
6	12
7	10
8	8
9	7
10	9


 	


Question 5.	Question :	(TCO 2) Using the table “Paint Sales Time Series”, calculate the forecast for paint sales (in thousands) for Week 11 using exponential smoothing and a smoothing constant of .20. 
 
Paint Sales Time Series
Week	Sales (000- of gallons)
1	6
2	8
3	10
4	9
5	11
6	12
7	10
8	8
9	7
10	9