Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 13.3, Problem 4P
The file P13_04.xlsx lists the monthly sales for a company (in millions of dollars) for a 10-year period.
- a. Fit an exponential trend line to these data.
- b. By what percentage do you estimate that the company will grow each month?
- c. Why can’t a high rate of exponential growth continue for a long time?
- d. Rather than an exponential curve, what type of curve might better represent the growth of a new technology?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
We can define big data as *
The collection of data from and about
everything internal to the organization.
The collection of data from and about
O everything internal and external to the
organization.
The collection and interpretation of an
organization's internal and external
data to attain its business objectives
besides enhancing customer service.
O None of the mentioned options
Indicate whether the data are time series or cross-sectional.
Number of cars sold by each salesperson in a dealership in October
Choose the correct answer below.
About
A. The data are cross-sectional because the data are measured over time.
B. The data are cross-sectional because the data are taken from situations that vary over time but are measured at a single time instant.
OC. The data are time series because the data are taken from situations that vary over time but are measured at a single time instant.
D. The data are time series because the data are measured over time.
Click to select your answer.
Question Help
Flash
ColdFusion/student/take.cfm?action=taking&examid%3D6736&eaid%3D9425208&num3D4
Center
p Part 2-54
Course Content
- Future Management Test
4. Many businesses that experience controlled growth often discover that
they don't have the resources needed to support their growth.
O A.
O B.
True
False
Previous
Save Answer
Next
rrent answer; please select Save Answer if changes have been made.)
2002-2014 Core Education and Consulting Solutions(13721)
Chapter 13 Solutions
Practical Management Science
Ch. 13.3 - The file P13_01.xlsx contains the monthly number...Ch. 13.3 - The file P13_02.xlsx contains five years of...Ch. 13.3 - The file P13_03.xlsx contains monthly data on...Ch. 13.3 - The file P13_04.xlsx lists the monthly sales for a...Ch. 13.3 - Management of a home appliance store wants to...Ch. 13.3 - Do the sales prices of houses in a given community...Ch. 13.3 - Prob. 7PCh. 13.3 - The management of a technology company is trying...Ch. 13.3 - Prob. 9PCh. 13.3 - Sometimes curvature in a scatterplot can be fit...
Ch. 13.4 - Prob. 12PCh. 13.4 - A trucking company wants to predict the yearly...Ch. 13.4 - An antique collector believes that the price...Ch. 13.4 - Stock market analysts are continually looking for...Ch. 13.4 - Suppose that a regional express delivery service...Ch. 13.4 - The owner of a restaurant in Bloomington, Indiana,...Ch. 13.6 - The file P13_19.xlsx contains the weekly sales of...Ch. 13.6 - The file P13_20.xlsx contains the monthly sales of...Ch. 13.6 - The file P13_21.xlsx contains the weekly sales of...Ch. 13.6 - The file P13_22.xlsx contains total monthly U.S....Ch. 13.7 - You have been assigned to forecast the number of...Ch. 13.7 - Simple exponential smoothing with = 0.3 is being...Ch. 13.7 - The file P13_25.xlsx contains the quarterly...Ch. 13.7 - The file P13_26.xlsx contains the monthly number...Ch. 13.7 - The file P13_27.xlsx contains yearly data on the...Ch. 13.7 - The file P13_28.xlsx contains monthly retail sales...Ch. 13.7 - The file P13_29.xlsx contains monthly time series...Ch. 13.7 - A version of simple exponential smoothing can be...Ch. 13 - Prob. 31PCh. 13 - Prob. 32PCh. 13 - Management of a home appliance store would like to...Ch. 13 - A small computer chip manufacturer wants to...Ch. 13 - The file P13_35.xlsx contains the amount of money...Ch. 13 - Prob. 36PCh. 13 - Prob. 37PCh. 13 - Prob. 39PCh. 13 - The Baker Company wants to develop a budget to...Ch. 13 - Prob. 41PCh. 13 - The file P13_42.xlsx contains monthly data on...Ch. 13 - Prob. 43PCh. 13 - Prob. 44PCh. 13 - Prob. 45PCh. 13 - Prob. 46PCh. 13 - Prob. 49P
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- The file P02_26.xlsx lists sales (in millions of dollars) of Dell Computer during the period 1987–1997 (where year 1 corresponds to 1987). a. Fit a power and an exponential trend curve to these data. Which fits the data better? b. Use your part a answer to predict 1999 sales for Dell. c. Use your part a answer to describe how the sales of Dell have grown from year to year. d. Search the Web for more recent Dell sales data. Then repeat the preceding parts using all of the data.arrow_forwardFlash x + ColdFusion/student/take.cfm?action=taking&examid%3D6736&eaid%3D9425208&num3D4 Center ip Part 2-54 Course Content - Future Management Test 4. Many businesses that experience controlled growth often discover that they don't have the resources needed to support their growth. A. True В. False Previous Save Answer Next urrent answer; please select Save Answer if changes have been made.)arrow_forwardHistorical data is a great way to predict future volume. You can also look at the rate at which your insurance companies reimburse your claims. When doing so you would look at the severity of the issues that brought the patient to the office and disseminate which ones were for flu. What do you do for the outlier data year-over-year? Meaning what if you had a severe flu season last year but in previous years, flu season wasn't so severe. How will your account for a that volume?arrow_forward
- Which of the following is a factor that would increase the risk of the misappropriation of assets for a large jewelry store? Managerial salaries with no bonus compensation. The nature of the store's merchandise. The use of standard retail sales practices. Adjusting merchandise value to the lower of cost or market.arrow_forwardTrue or false? Select one or more: а. Wealth can be measured as a flow over time. O b. Disposable income measures income after direct taxes, so any consumption out of disposable income is unaffected by taxation. Your net worth is equal to your assets (both real and financial) minus O c. your labilities. O d. An example of gross income in the "bathtub" diagram is a landlord's rental income on a property.arrow_forwardIn which situation does the national debt decrease? A. The federal government has a balanced budget. B. The federal government has an increase in the federal deficit from the previous fiscal year. C. The federal government has a surplus in the budget. D. The federal government has a decrease in the federal deficit from the previous fiscal year but still has a deficit.arrow_forward
- 48- The maximum number of sales that can occur in a given period to an individual or businesses that are willing to sell in a given market is known as: a. Product demand b. Market potential c. Market demand d. All the options are correctarrow_forwardSOLVE STEP BY STEP IN DIGITAL FORMAT A company that manufactures household appliances carries out its strategic planning with its main suppliers of raw materials. To do this, you must make a sales projection for the next month, since the prices you obtain depend on the volume that is manufactured. Historical sales data for the last 12 months of 20XX are given below in millions of dollars. 10.5, 9.4, 8.5, 9.8, 11.1, 9.2, 9.7, 10.3, 7.5, 8.7, 9.0, 9.1. a. Lists the time series components present in the company's sales. b. Forecast the first month of the year 20XY with the moving average technique with k= 2. c. Forecast sales for the first month of the year 20XY using the simple average technique. d. Write the strategies that the appliance manufacturer must implement with suppliers.arrow_forwardI need answer typing clear urjent no chatgpt used i will give 5 upvotes To prepare for this problem, read carefully the Application box on How Consumers Respond to Tax Rebates. 1.) Evidence suggests that the 2001 tax rebates were A.initially spent by consumers who later increased their saving. B. almost entirely spent by consumers, ○ C. initially saved by consumers who later increased their spending. ○ D. almost entirely saved by consumers.arrow_forward
- The file P13_03.xlsx contains monthly data on production levels and production costs during a four-year period for a company that produces a single product. Use simple regression on all of the data to see how Total Cost is related to Units Produced. Use the resulting equation to predict total cost in month 49, given that the proposed production level for that month is 450 units. Do you see anything wrong with the analysis? How should you modify your analysis if your main task is to find an equation useful for predicting future costs, and you know that the company installed new machinery at the end of month 18? Write a concise memo to management that describes your findings.arrow_forwardA cosmetic manufacturer wants to understand why users shop online versus in store, and how they might take better advantage of the online channel; the manufacturer wants to make improvements to the company’s website. The manufacturer also wants to find out why Nordstrom.com (a competitor’s website) appeals to cosmetic consumers versus other websites. The cosmetic manufacturer also wants to find ways to improve consumers’ in-store experience. Further, the manufacturer wants to produce a three (3) month sales forecast based on the data produced from the research. Objectives: Why users shop online versus in store How to take advantage of the online channel How to improve the company’s website Why does Nordstrom.com (their competitor) appeal to cosmetic consumers versus other websites. Ways to improve consumers’ in-store experience Requireed: Produce fictitious findings, chart and dat analysis that relate back to the objectives.arrow_forwardWhich of the following ratios is INCORRECTLY defined? Seleccione una: a. TIE= EBIT/InterestExpense b. ROE=NetIncome/Equity c. Sales Growth=Sales-PreviousSales/PreviousSales d. Days Inventory= Inventory/AverageDailyCostOfGoodsSold e. ROA=(NetIncome+InterestExpense)/Assetsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Single Exponential Smoothing & Weighted Moving Average Time Series Forecasting; Author: Matt Macarty;https://www.youtube.com/watch?v=IjETktmL4Kg;License: Standard YouTube License, CC-BY
Introduction to Forecasting - with Examples; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=98K7AG32qv8;License: Standard Youtube License