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1 Stage Forecasting Analysis. (10Marks You were one of those newly hired operations team members in Cook Door Management team. Your first task was to

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1 Stage Forecasting Analysis. (10Marks You were one of those newly hired operations team members in Cook Door Management team. Your first task was to use all the possible techniques you know to forecast for the expected value of sales for Cook Door 's Z -Burger. If you got the following Values Year Sales in Number of Z-Burger Orders (00) 2008* (World Financial Crisis) 558 2009 599 2010 664 2011* 765 2012 722 2013 809 2014 1,010 2015 1,958 2016 1,008 2017 1,810 2018 2,340 2019 1,070 2020 1,900 2021 1,700 2022 ????? You were asked to conduct a forecasting analysis to get the potential sales value for the year 2022 using the following instructions: Use Naive approach. (b) Depend on a 7-year moving average approach to get an averaged- forecasted Value. (0) Use the following weights to get a weighted forecasted value . (0.2, 0.4, 0.3, 0.10) , Interpret your distributions of weight with different years. (d) Use exponential smoothing approach but he is slightly frustrated as he has to select among three levels of o (0.2 or0.4) which depends mainly on the state of the market and the level of noise in data series that we have on hands. (@) Compute MAD and MSE for the exponential smoothing reequipment. In your opinion which one seems the most appropriate and accurate approach of the previous four approaches & why? (g) Mr. Mohamed Hassan the Sales Director of Cook Door in Great Cairo thinks that the sales of Cook Door are mainly related to certain variables, specifically. he defined one main variable which is Advertising (billboard appearance) As an operations manager, use regression analysis to formulate a model to be used in forecasting Cook Door's sales for the year 2022

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