StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Simple moving average for product 8 - Term Paper Example

Cite this document
Summary
The advantage of using simple moving average for weekly forecasting is that it is a simple calculation; one only needs to divide the average price over the chosen time period. The main advantage of the method is that it provides a smoothed line free from whipsawing fluctuation…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
Simple moving average for product 8
Read Text Preview

Extract of sample "Simple moving average for product 8"

SIMPLE MOVING AVERAGE FOR PRODUCT 8 Here Here SIMPLE MOVING AVERAGE FOR PRODUCT 8 The advantage of using simple moving average for weekly forecasting is that it is a simple calculation; one only needs to divide the average price over the chosen time period. The main advantage of the method is that it provides a smoothed line free from whipsawing fluctuation in response to the temporary price dynamic. Therefore, it offers a more sustaining level indicating resistance or support1. The product 8 records higher sales in 8d1 stores, followed by 8b1, while the worst performing are 8a1 and 8c1.

To run the simple moving average, the product classes will be divided into five product classes; 8a1, 8b1, 8c1, 8d1, and 8e1. Valuable information will need to be strategized based on the product name, store, product store id, sales, promotion, date, 3 weekly, and 4 weekly. The selected product data will be based on a long period of time. The strategy will be tested on the products rather than an individual product, for the reason that the representative products will be tested. Since the daily product data was not available, the three and the four week data will be used instead.

One advantage for the strategy is that the transaction cost will be reduced2. For product store 8a, the forecasting accuracy for 3 and 4 weekly are 7.6 and 6 respectively. Product 8b for 3 and 4 weekly are 13.67 and 15.5 respectively. Product 8c1 are 4.67 and 3.5 for 3 and 4 weekly respectively. For product 8d1, the forecasting accuracy for 3 and 4 weekly are 20.33 and 22.5 respectively, while the forecasting accuracy for 3 and 4 weekly are 4.667 and 5.75 respectively.ReferencesKlinker F, Exponential Moving Average Versus Moving Exponential Average (2010) 58 Mathematische SemesterberichteTong H, Fitting A Smooth Moving Average To Noisy Data (Corresp.) (1976) 22 IEEE Transactions on Information Theory

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Simple moving average for product 8 Term Paper Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
Simple moving average for product 8 Term Paper Example | Topics and Well Written Essays - 250 words - 1. Retrieved from https://studentshare.org/statistics/1694211-simple-moving-average-for-product-8
(Simple Moving Average for Product 8 Term Paper Example | Topics and Well Written Essays - 250 Words - 1)
Simple Moving Average for Product 8 Term Paper Example | Topics and Well Written Essays - 250 Words - 1. https://studentshare.org/statistics/1694211-simple-moving-average-for-product-8.
“Simple Moving Average for Product 8 Term Paper Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/statistics/1694211-simple-moving-average-for-product-8.
  • Cited: 0 times

CHECK THESE SAMPLES OF Simple moving average for product 8

Analyzing Direct Costs

For the DeLoan Corporation, the 6-month moving average estimated scrap rate (Question 1) equals scrap for the month divided by material for the month.... So dividing these percentages by 6, we come up with a 6-month moving average scrap rate of 6.... Using this scrap rate to figure out how much total product is needed if the finished product is $90,000 (Question 2), I took 106.... The product that is produced first goes out first using this method....
3 Pages (750 words) Essay

Sport in the Community Conference

The frequency distribution of all questions is shown in appendix II.... The frequency table of question one concerning the hotel respondents stayed in indicated that 30% of all respondents stayed in the Metropolitan, while 26% stayed in the Royal, 21% stayed in the Grand, and 20% stayed in Crescent. … The frequency table of question three A indicated that 42% of all respondents consider efficiency of check-in good, while 30% consider it poor, 17% consider it very good and the remaining 11% consider it very poor....
8 Pages (2000 words) Research Paper

Business Forecasting

These techniques are utilized in the several fields of management from marketing and sales to the inventory control to avoid unwanted hassles and manage… This enables control and management of resources better than doing in any other way.... The analysis is done to analyze and identify the appropriate model of forecasting for the softwood unfilled orders forecasting....
6 Pages (1500 words) Essay

Google - Financial Statement Analysis

The Android product is a new portable phone that the company recognizes as needed to compete in a mobile world that we live in.... Although customers sign up online for products such as AdSense, the sales team attempts to build positive working relationships and promote key product advantages to other companies (edgaronline, 2010).... Marketing efforts have been relatively low cost for the company by use of public relations and simple customers sharing experiences to spread the word that Google offers a quick and efficient service along with useful products (edgaronline, 2010)....
5 Pages (1250 words) Research Paper

Forecasting: Out-tel, Inc

7 from MAD value of moving average method which is calculated as 23.... is dealing in two computer related products named as product 1 and product 2.... In the following paragraphs, the demand forecasting for both the products have been carried out, on the basis of which the top management will decide as to which product needs to be… 1....
3 Pages (750 words) Case Study

Multi-Layer Machine Learning Approach to FOREX

The nature and structure of the FOREX exchange market as a 24 hr market makes it perfect for a system that is automated and makes use of a multi layered… For the purpose of technical analysis in the application overlay of the system, we are going to use the Alternating Decision Tree According to Gearman and Freund, the ADT approach helps to select the best combination of rules derived from well known technical analysis indicators and we shall be in a position to select the best parameters of the technical indicators....
6 Pages (1500 words) Thesis Proposal

Simple Moving Average for a Product

Simple moving average for product 8 Utilizing SMA for weekly forecasting is simple to compute since an individual only require to divide the average price by the underlying period.... The present term paper "simple moving average for a Product" deals with the special technique of utilizing SMA.... nbsp;product 8 records relatively higher sales within the 8d1 while the worst performing stores were 8a1 and 8c1.... product 8 records relatively higher sales within the 8d1 while the worst performing stores were 8a1 and 8c1....
1 Pages (250 words) Term Paper

The Growth of Product Placement

This paper "The Growth of product Placement" discusses good and effective advertising along with powerful placement will certainly do wonders for the brand and the image of the company which the marketing manager is trying to create.... On the other hand, the placement of a product within a television show or as a part of the storyline in a movie.... Even a simple thing such as an actor wearing a logo on his/her shirt can be considered product placement or a character's dialogue where s/he extols the virtues of a particular product without it being shown is also product placement (Lehu, 2007)....
7 Pages (1750 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us