Question
Period 1 2 3 4 5 6 Dried flowers 221 246 281 276 301 311 Period TABLE 1. Data for Dried flowers Operations Management 3.1
Period 1 2 3 4 5 6 Dried flowers 221 246 281 276 301 311 Period TABLE 1. Data for Dried flowers Operations Management 3.1 (EBMAX3A) GA Assignment 7 8 9 10 11 12 Dried flowers 351 361 401 381 421 451 Page 10 of 13 Period 13 14 15 16 17 18 Dried flowers 461 476 501 511 526 542 (a) Using the data from Table 1 above, develop a regression equation for predicting the level of demand for dried flowers. (5) (Instruction: Show all calculation steps and work with two digits after the comma for all calculations. Answers should be presented in a table format) (b) Employing the trend line developed in question (a), generate the forecasts for periods 19, 20, 21, 22, and 23. (5) (Instruction: Show all calculation steps and work with two digits after the comma for all calculations. Answers should be presented in a table format) (c) Plot the data from Table 1 as well as the generated forecasts using a labeled line graph. (4) (d) Don Dursley wants to increase the stock of dried flowers when the demand reaches 851. Predict when this will happen assuming the present trend. (2) (Instruction: Show all calculation steps) 1.5 Mention and explain one operations strategy that the manager of Honeydukes Restaurant employs. Support your answer by quoting from the case above. (4)
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