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please answer! thanks!! A convenience store recently started to carry a new brand of sot drink. Management is interosted in estimating future sales volume to
please answer! thanks!!
A convenience store recently started to carry a new brand of sot drink. Management is interosted in estimating future sales volume to determine whether it should continue fo carry the new brand or replace it with another brand. The following table provides the number of cans sold per week. Use both the trond projection with regression and the exponential smoothing (let a=0.4 with an initial forecast for week 1 of 595 ) methods to forecast demand for week. 13. Compare these methods by using the moan absolute deviation and mean absolute percent error performance criteria. Does your analysis sugpest that sales are trending and if so, by how much? (i) Obtain the trend projection with regression forecast. The forecast for week 13 is (Enter your response roundod to the nearest whole number.) Specify the mean absolute deviation (MAD) and mean absolute percent error (MAPE). (Enter your responses rounded to two decimal places) (ii) Obtain the exponential smoothing forecast. The forecast for week 13 is (Enter your response rounded to the nearest whole number) Step by Step Solution
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