14. The demand for Krispee Crunchies 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 to October. Generate forecasts for November to December, using the trend projection with regression method. Looking at the accuracy of its forecasts in the Trend Projection Worksheet, as well as the other statistics provided, how confident are you in these forecasts for November to December? Month January February March April May June Sales 890,000 800,000 825,000 840,000 730,000 780,000 Month July August September October November December Sales 710,000 730,000 680,000 670,000

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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14. The demand for Krispee Crunchies 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 to October. Generate forecasts for
November to December, using the trend projection with regression method. Looking at
the accuracy of its forecasts in the Trend Projection Worksheet, as well as the other
statistics provided, how confident are you in these forecasts for November to December?
Month
January
February
March
April
May
June
Sales
890,000
800,000
825,000
840,000
730,000
780,000
Month
July
August
September
October
November
December
Sales
710,000
730,000
680,000
670,000
Transcribed Image Text:14. The demand for Krispee Crunchies 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 to October. Generate forecasts for November to December, using the trend projection with regression method. Looking at the accuracy of its forecasts in the Trend Projection Worksheet, as well as the other statistics provided, how confident are you in these forecasts for November to December? Month January February March April May June Sales 890,000 800,000 825,000 840,000 730,000 780,000 Month July August September October November December Sales 710,000 730,000 680,000 670,000
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