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Assume that you are the production manager for Fast Current Kayaks of Washington State. One of the products that you make and sell is the
Assume that you are the production manager for Fast Current Kayaks of Washington State. One of the products that you make and sell is the "Fast Current" sea touring kayak paddle. You are responsible for ensuring that there is enough production capacity to meet demands (given the very high markup on the paddles). Demand Year Year 1 Year Years Year 6 Quarter 01 02 03 04 01 02 03 04 01 02 03 Quarter 01 Q2 03 04 01 02 03 Year 2 Demand 15 20 18 16 18 18 18 12 21 28 29 38 60 59 59 54 53 51 55 Year 7 Year 01 02 03 5 22 31 Year 4 29398 02 03 25 istuteClick here for the Excel Data File a. Given the data shown above, beginning in Quarter 1 of year 2, use a moving average based on four quarters to predict the demand in each quarter. (Leave no cells blank - be certain to enter "0" wherever required. Negative answers should be indicated by a minus sign. Round your forecast answers to 1 decimal place. Then, starting with quarter 1 of year 2, use these rounded forecast values to compute the error and absolute error answers. Enter those answers to 1 decimal place also.) Next > 6 of 22 6 of 22
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