Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Turkey Legs Turkey legs are a popular food associated with outdoor food stands at carnivals, amusement parks, fairs, festivals, and other places in Arizona.

image text in transcribedimage text in transcribedimage text in transcribed

Turkey Legs Turkey legs are a popular food associated with outdoor food stands at carnivals, amusement parks, fairs, festivals, and other places in Arizona. The turkey legs are marinated in a high sodium rub and then roasted over an open fire. The sodium is not good for your health, but it is very tasty. Amelia Smith owns a small vending truck in Tucson AZ where she sells turkey legs and soft drinks. Although the business has been stable, she is apprehensive about the variation in sales for no apparent reason. She asks you as a quantitative methods student to help make a forecast for her turkey legs as well as soft drinks. In the file below you will find the data for historical sales of turkey legs and soft drinks over the last 20 days. Prepare a 6-10 page management report addressing the following: 1. Use methods of descriptive statistics to summarize the data. Use visual tools and Tableau to graphically display the data. Comment on the findings. 2. Construct the exponentially smoothed series for turkey legs and soft drinks using alpha=.2 and alpha =.8. 3. Calculate and explain MSE and MAD for each series. 4. Forecast sales of turkey legs and soft drinks for days 21 through 25 with the best fitting series. Support your forecasting method with scholarly sources. You can download the Turkey Legs data file here, or find it attached in the Module 7: Case Study 3 assignment folder. Please review the Case Study Instructions and Grading Criteria before doing/submitting your work. For the third case study, the emphasis in grading will be on the presentation and correctness of your findings. When writing your paper, you should become acquainted with APA formatting. A template is located here for your use APA Template. Additional information can be located in the Pima Online Library. New

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics Communicating With Numbers

Authors: Sanjiv Jaggia, Alison Kelly

2nd Edition

0078020557, 978-0078020551

More Books

Students also viewed these Accounting questions

Question

=+c) Interpret the coefficient of Saturday in this model.

Answered: 1 week ago

Question

How did he learn it? ? lop1

Answered: 1 week ago