assignmentcafe.com – Business Management Worksheet

assignmentcafe.com –

Questions 1) Define the different between linear and nonlinear optimization with example each? Answer: 2) A- How to calculate forecast error? Answer: B- Calculate forecast error for December? Answer: 3) A- How to calculate forecast weighted moving average? Answer: B- Apply forecast weighted moving average formula for week 2. (n = 2, W1 = 0.5, W2 = 0.8) Answer: Month Sales Forecast Error September 5500 3000 ——— October 7200 4150 ——— November 8600 9100 ——— December 9300 7900 Week Demand 1 7000 2 4000 3 3000 4 5000