Question
The Demand for Krispee Crunchies, a favorite breakfast cereal of people born in the 1940s, is experiencing a decline. The company wants to monitor
The Demand for Krispee Crunchies, a favorite breakfast cereal of people born in the 1940s, is experiencing a decline. The company wants to monitor demand for this product closely as it nears the end of its life cycle. The following table shows the actual sales history for January-October. Generate forecasts for November-December, using the trend projection by regression method. Sales March Month January 910,000 February 790,000 July 725,000 785,000 August 715,000 Month Sales June 750,000 810,000 September 675,000 800,000 October 670,000 April May Obtain the forecasts for November and December. (Enter your responses rounded to the nearest whole number.) Period November Forecast, Ft 642334 December 620394 Looking at the accuracy of its forecasts since September, as well as the other statistics provided, how confident are you in these forecasts for November-December? If current conditions remain in place, and, thus, that the trend will continue. (Enter your response rounded to two decimal places.)
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