14: The demands for an item for the 12 months of year 2014 are given below. Period...
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14: The demands for an item for the 12 months of year 2014 are given below.
Period (T) 1 2 3 4 5 6 7 8 9 10 11 12 Month Jan. Feb. Mar. April May June July Aug. Sep. Oct. Nov. Dec.
Demand 151 152 132 161 182 192 174 159 183 169 175 181 The trend projection equation is Y = 148.97 + 2.864T where T is the number of the month. Make a forecast for June of 2015. (Note that the value of T to be used in the trend equation is 18.
June is the 6th month of 2015.)
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Related Book For
Production And Operations Management Systems
ISBN: 9781466507333
1st Edition
Authors: Sushil Gupta; Martin Starr
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