Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Historical demand for a product is as follows: a. Using a simple four-month moving average, calculate a forecast for October. (Round your answer to 2
Historical demand for a product is as follows: a. Using a simple four-month moving average, calculate a forecast for October. (Round your answer to 2 decimal places.) b. Using single exponential smoothing with a=0.2 and a September forecast =65, calculate a forecast for October. (Round your answer to 1 decimal place.) c. Using simple linear regression, calculate the trend line for the historical data. Say the X axis is April = 1, May =2, and so on, while the Y axis is demand. (Round your intercept value to the nearest whole number and slope value to 2 decimal places.) d.Calculate a forecast for October using your regression formula. (Round your answer to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started