Bharat Steel Co. Mr.Sinha, Operations Manager at Bharat Steel Co has analysed the company’s…

Bharat Steel Co.

Mr.Sinha, Operations Manager at Bharat Steel Co has analysed the company’s production pattern for one product in order to be able to estimate the demand for the next year. Demand data for last four years were collected and are as follows:

Qty in NOS:–

Period (Year & Quarter)

Cupboard

2016 Q1

600

Q2

550

Q3

500

Q4

650

2017 Q1

700

Q2

600

Q3

500

Q4

750

2018 Q1

750

Q2

650

Q3

550

Q4

780

2019 Q1

780

Q2

650

Q3

550

Q4

518

Mr.Sinha applied different quantitative methods of forecasting on the above and obtained the following summary of results (including his estimations where required):

Cupboard

Regression line

559+(10.78*period)

Coefficient of determ R^2

0.22

Significance F

0.06

F

4.04

Intercept

559

Coefficient for Period

10.78

Pvalue for Period

0.064

(1) Predictions for 4 quarters

(using linear regression)

742, 753, 764, 775

(2) Estimates using 4p- moving average for 4 qtrs

708, 690, 700, 737

(3) Estimates using exponential smoothing (0.3) for 4qtrs

708, 708, 708, 708

Q1.Study the above demand pattern carefully and also summary figures for the different methods of forecasting applied. Analyse which method is likely to give the best results. Is there a better method of forecasting for the product than given above? If yes, discuss briefly and estimate results for your suggested method for 4 quarters.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with My Study Writers
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Human Resources Management (HRM)
On time and as always a great service! This semester has been very time consuming a tough for my family so this service has not only been a life saver but helped me keep up my grades! If you are in a time crunch or need help, don't hesitate! They are worth it!
Customer 453077, April 4th, 2022
Business and administrative studies
excellent
Customer 453201, October 22nd, 2022
Marketing
I initially had a hard time opening the paper but finally was able to get what i needed.
Customer 453217, October 31st, 2022
Criminal Justice
This has been the greatest help while I am recovering from an illness. Thank your team so much.
Customer 452671, May 2nd, 2021
English 101
great summery in terms of the time given. it lacks a bit of clarity but otherwise perfect.
Customer 452747, June 9th, 2021
Social Sciences
Very fast report with excellent information on the topic. Thank you for your speedy service in such a short time.
Customer 453213, June 15th, 2022
Management
It was gotten well after time I needed to make needed additions, but it is something that did help me. I could not get the concept of ho to start such a project but now reading this, I was over thinking the project it seems.
Customer 452801, July 19th, 2021
Education
Very fast response and did a excellent job.
Customer 453201, May 31st, 2022
Education
N/A
Customer 453057, May 23rd, 2022
Business Studies
Thank you very much for a good job done and a quick turn around time.
Customer 452615, March 31st, 2021
Professions and Applied Sciences
Thanks. This helps a lot. Was a bit late but some cushion was given.
Customer 453015, February 10th, 2022
Human Resources Management (HRM)
I finished the first deliverable of a project presentation but had no time to finish my second deliverable. The writer revamped my first deliverable and made it much more appealing! Not only was I impressed with the content but I was so grateful for the time they took to redo the background. I have been under a lot of pressure at work and at home so this has been a great service when I have had little time! I appreciate the detail and help! Always on time and always exceeding expectations!
Customer 453077, April 5th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Live ChatWhatsApp