Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the below dats showing domand for galloes of loecream at a popular retal chain, over the rear 2018 in thousands of units Year 2018

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Consider the below dats showing domand for galloes of loecream at a popular retal chain, over the rear 2018 in thousands of units Year 2018 eusands) The 3 moving averake forecast for 3 an 2019 is doseit toc 135ik 197x rerk t4tk Referring back to the previous demand data: The naive forecast for Jan 2019 is closest to (in thousands): 41 130.1 248 80.6 Referring back to the previous demand data: The exponential smoothing forecast with parameter 0.3 for Feb 2018 is closest to (in thousands): 123.8 81.5 163.7 41 Referring back to the previous demand data: Suppose the slope and intercept based on the previous 48 months (that is, Jan 2015 to Dec 2018) of demand data are (1.344 per month, 104.68 at month 0 ) respectively. The percentage error for Jan of 2018 , based on the trend line forecast is: 27.70% 277% 35% 15%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cyber Security And Supply Chain Management

Authors: Steven Carnovale, Sengun Yeniyurt

1st Edition

9811231567, 978-9811231568

More Books

Students also viewed these General Management questions