Assume that the forecasted demand for 2019 is 15. Use the following data set and exponentialsmoothing with a = 0.4 and determine the forecasted demand for 2021.YearDemand201916202020202118

Given - Year Demand 2019 16 2020 20 2021 18

Answered: Assume that the forecasted demand for…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Demand for oil changes at Garcia's Garage has been as follows: Number of Oil Changes January 44 February 49 March 66 IT April 59 May 53 June 58 59 63 Month July August a. Use simple linear regression analysis to develop a forecasting model for monthly demand. In this application, the dependent variable, Y, is monthly demand and the independent variable, X, is the month. For Janu The forecasting model is given by the equation Y=+x. (Enter your responses rounded to two decimal places) J Show Transcribed Text >. Use the model to forecast demand for September, October, and November. Here, X=9, 10, and 11, respectively. (Enter your responses rounded to two decimal places.) Forecast for the number of Oil Changes Show Transcribed Text Month September October November can you do all the parts please corrrect
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Assume that the forecasted demand for 2019 is 15. Use the following data set and exponential smoothing with a = 0.4 and determine the forecasted demand for 2021. Demand Year 2019 16 2020 20 2021 18