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Mgt1102 - Final Output

1. The document provides instructions for a final exam in an Information and Technology program. It contains an acknowledgement that students will not cheat and various forecasting problems to solve using Excel. 2. Problem 1 asks to forecast sales of a new product using different forecasting methods. Problem 2 asks to forecast stove sales using the same methods. Problem 3 evaluates forecasting errors over quarters. 3. Problem 4 asks to seasonally adjust call volumes from a past year using factors determined from an earlier year, and then adjust a third year's volumes using factors from the first two years.

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Dessiren De Guzman
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49 views2 pages

Mgt1102 - Final Output

1. The document provides instructions for a final exam in an Information and Technology program. It contains an acknowledgement that students will not cheat and various forecasting problems to solve using Excel. 2. Problem 1 asks to forecast sales of a new product using different forecasting methods. Problem 2 asks to forecast stove sales using the same methods. Problem 3 evaluates forecasting errors over quarters. 3. Problem 4 asks to seasonally adjust call volumes from a past year using factors determined from an earlier year, and then adjust a third year's volumes using factors from the first two years.

Uploaded by

Dessiren De Guzman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Higher Education Department

Information and Technology Program


First Semester, SY 2020-2021

MGT1102
Score:
FINAL EXAMINATION
Ms. Lorielle S. Rocela

Student No.:___________________ Date:___________________


Name: ________________________________________________________ Yr/Course: ___________________
ACKNOWLEDGEMENT: I Acknowledge that I am aware that any form of cheating is not allowed and will not be
tolerated throughout the examination period and that if i may so violate this I will be dealt with punishment accordingly,
including suspension or even expulsion to the university.

_________________________
Signature

Problems:
Instruction: write your answers in an excel file. One sheet per question. Label your sheet like this “1a”, “1b”.
Upload your excel file in canvas, file name is : final_exam_Surname_Firstname.
1. The Hammaker Company’s newest product has had the following sales during its first five months: 5,
17, 29, 41, 39. The sales manager now wants a forecast of sales in the next month.
a. use last value method
b. use the averaging method
c. use the moving average method with the three most recent months
2. Sales of stoves have been ging well for the Good-Value Department Store. these sales for the past five
months have been 15, 18, 12, 17, 13. use the following methods to obtain a forecast of sales for the next
month
a. use last value method
b. use the averaging method
c. use the moving average method with three months
3. You have been forecasting sales the last four quarters. These forecasts and the true values that
subsequently were obtained are shown below.
Quarte Forecast True Value
r
1 327 345
2 332 317
3 328 336
4 330 311

a. calculate the forecasting error for each quarter. then calculate the MAD and MSE.

4.  Figure 1. shows CCW’s average daily call volume for each quarter of the past three years and Figure
2 gives the seasonally adjusted call volumes. Lydia Weigelt now wonders what these seasonally
adjusted call volumes would have been had she started using seasonal factors two years ago rather than
applying them retrospectively now.
Year Quarter Call Volume
1 1 6809
1 2 6465
1 3 6569
1 4 8266
2 1 7257
2 2 7064
2 3 7784
2 4 8724
(MGT1102) Page 1 of 1 Validated by : Prof. Glen Jose Y. Saño, MIT
IT Program Coordinator
3 1 6992
3 2 6822
3 3 7949
3 4 9650
Figure 1

Year Quarter Seasonal Actual Call Seasonally Adjusted


Factor Volume Call Volume
1 1 .93 6809 7322
1 2 .90 6465 7181
1 3 .99 6569 6635
1 4 1.18 8266 7005
2 1 .93 7257 7803
2 2 .90 7064 7849
2 3 .99 7784 7863
2 4 1.18 8724 7393
3 1 .93 6992 7518
3 2 .90 6822 7580
3 3 .99 7949 8029
3 4 1.18 9650 8178
Figure 2

a. Use only the call volumes in year 1 to determine the seasonal factors for year 2 (so that the
“average” calls volume for each quarter is just the actual call volume for that quarter in year 1).
b. Use these seasonal factors to determine the seasonally adjusted call volumes for year 2.
c. Use the call volumes in years 1 and 2 to determine the seasonal factors for year 3.

(SP101) Page 1 of 1 Validated by : Prof. Glen Jose Y. Saño, MIT


IT Program Coordinator

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