Management homework help

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question 1:

Should a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach? Your initial post should be 200-250 words.

Question 2:

Read Problem 6 in Chapter 6 of your textbook. Calculate and answer parts a through d. Include all calculations and spreadsheets in your post. Explain why the moving average method was used instead of another forecasting method. What might be another forecasting method that could prove to be just as useful? Your initial post should be 200-250 words.

Problem 6:

The figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year period.

Year   Mergers

2000     46

2006     83

2001    46

2007   123

2002     62

2008     97

2003     45

2009   186

2004    64

2005    61

2006    83

2007   123

2008   97

2009  186

2010   225

2011   240

  • a Calculate a 5-year moving average to forecast the number of mergers for 2012.
  • Use the moving average technique to determine the forecast for 2005 to 2011. Calculate measurement error using MSE and MAD.
  • Calculate a 5-year weighted moving average to forecast the number of mergers for 2012. Use weights of 0.10, 0.15, 0.20, 0.25, and 0.30, with the most recent year weighted being the largest.