Business Finance Homework Help

1) Define the different between linear and nonlinear optimization with example each? (6 marks)

Answer:

2)

A- How to calculate forecast error? (1 mark)

B- Calculate forecast error for December? (1 mark)

Month	Sales	Forecast	Error
September	5500	3000	———
October	7200	4150	———
November	8600	9100	———
December	9300	7900

Answer:

3)

A- How to calculate forecast weighted moving average? (1 mark)

B- Apply forecast weighted moving average formula for week 2. (1 mark)

(n = 2, W1 = 0.5, W2 = 0.8)

Week	Demand
1	7000
2	4000
3	3000
4	5000

Answer: