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The operations manager of a manufacturing firm concerns about the sales performance of a particular product in the near future after looking at the
The operations manager of a manufacturing firm concerns about the sales performance of a particular product in the near future after looking at the historical data. The yearly sales revenues during the last three-year period are provided by the marketing people as follows: Year Sales Revenue (thousand $) 225.4 238.2 241.6 What is the forecast for the 4th year's sales revenue by using linear trend method? Question 18 1 2 3 What is the forecast for the 4th year's sales revenue by using double smoothing method with C = 0.4 and B=0.2 (start with initial estimates S = 226 and T = 10 for the 1st year)?
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To forecast the 4th years sales revenue using the linear trend method we can use linear regression to estimate the trend in the sales data Linear regr...Get Instant Access to Expert-Tailored Solutions
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