45 Quarterly sales figures for the Cavill Pump Company, in thousands, for the past four years are...

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45 Quarterly sales figures for the Cavill Pump Company, in thousands, for the past four years are shown in the following table:

QUARTER YEAR 1 YEAR 2 YEAR 3 YEAR 4 1 $263 $312 $283 $319 2 $300 $323 $320 $303 3 $245 $298 $365 $339 4 $381 $390 $398 $368

(a) Forecast the demand for the first quarter of year 5 by using a four-period moving average model.

(b) What is the linear trend equation that best fits the data? Forecast the demand for the first quarter of year 5 by using this equation.

(c) Which method is more accurate?

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Managerial Decision Modeling With Spreadsheets

ISBN: 9781292024196

3rd Edition

Authors: Barry Render

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Question Posted: Jul 26, 2024 04:00 PM

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45 Quarterly sales figures for the Cavill Pump Company, in thousands, for the past four years are...

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Managerial Decision Modeling With Spreadsheets

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