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1. Using the six steps in decision making, model a problem that requires the use of decision making related to the application of the use

1. Using the six steps in decision making, model a problem that requires the use of decision making related to the application of the use of a sales forecast for a supermarket.

Make the forecast using the data in the Table below. Data is in thousands of dollars.

Table. Supermarket Sales Data

Months 2014

2015

2016

2017

July

2165

2046.6

2075.3

2032.3

August

2213.5

2109.2

2097.7

2107.4

September

2103.1

1956.7

2021

2012.8

October

2133.6

2016.7

2082.8

2029.1

November

1966

1849.5

1906.9

1826

December

1937.5

1818.3

1950.3

1795

January

1856.8

1791.9

1817.8

1762.3

February

1758.4

1629

1738.3

1629.4

March

1864.3

1720.2

1993.4

1814.5

April

1889.7

1814.3

1895.8

1793.3

April

2032.8

1897.4

2009.1

1890.7

June 2014.5

1961.1

1990.3

1938.3

1. The methods that will be used are the following:

1. Trend graph for the 4 years (scatter plot), weighted moving average (for each separate year)

2. Exponential smoothing with trend fit (year 2017 only, alpha and beta is 0.5)

3. Trend regression with graph (year 2017 only)

4. Multiplicative decomposition method (year 2017 only; 4 series)

Table: Modeling of a Real Scenario

Modeling on a Real Stage

THE SUPERMARKET PARGUERA

3686 Fisher Ave.

La Parguera, Lajas PR 00667

He passed

Description

Definition of the problem

Maintain the level of sales and avoid losses after external events such as earthquakes, the Covid-19 pandemic, population decline in the area and inflation.

Development of a Model

Data collection

Development of a solution

Solution test

Analysis of the results

Implementation

Note: Next to this table, attach the results of the Excel Qm or QM for Windows programs that served as a support tool in decision-making for modeling a real scenario

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