The ABC Floral Shop sold the following number of geraniums during the last two weeks: Develop a
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Develop a spreadsheet to answer the following questions.
a. Calculate forecasts of the product demand using a three- and five-period moving average.
b. Graph these forecasts and the original data using Excel. What does the graph show?
c. Which of the above forecasts is best? Why?
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a Day D t Demand A t 3Period MovAvg F t 3Period Forecast D t F t Error A t 5Period MovAvg F t 5Peri...View the full answer
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Related Book For 
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
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