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Forecasting Methods, Demand Pattern, Performance Measure, Cancel Out Forecasts, Fish Exercise, Qualitative Model of Forecasting, Delphi Technique, Time Series Model, Causal Model, Compute Forecasts.These are the important points of Operations Management.
Typology: Exercises
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0 20 40 60 80 100 120 a. LP b. Average c. SMA – 2 d. SMA – 5 e. SES f. DES g. TES
PAug = PApr + (a – (b ×××× PApr)) ×××× PApr) This is an example of a: a. SLR b. A qualitative model of forecasting. c. The Delphi technique d. A time series model of forecasting. e. A causal model of forecasting.
Forecasting number of tourist visits to Alberta
The “Data” worksheet shows the number of tourists from Japan that visited Alberta from the first quarter of 2001 to the first quarter of 2004. The data are in thousands of tourists and your answers should be in thousands of tourists as well, i.e., do not multiply the numbers by 1,000.
Imagine that the current date is April 15, 2004. You work for Alberta Tourism and you have been asked to forecast the number of tourists from Japan during the next few quarters.
The “TES” worksheet has been laid out for you. The parameters LS, TS, and SS have all been set. Do not change these parameters.