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Complete the table below and to predict the demand for Period 5 (See image).                         Show the calculations for the demand for Period 2.    (b) Based on the actual demands of the first 4 periods forecast the demand for period 5 using the linear regression method.       (c) Which method performs better based on the actual demand for period 5? Why do you think so?

Complete the table below and to predict the demand for Period 5 (See image).                         Show the calculations for the demand for Period 2.    (b) Based on the actual demands of the first 4 periods forecast the demand for period 5 using the linear regression method.       (c) Which method performs better based on the actual demand for period 5? Why do you think so?

Practical Management Science
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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 Use exponential smoothing with trend adjustment to forecast deliveries for period 5. Let α = 0.1, β = 0.2, and let the initial trend value be 4 and the initial forecast be 200 (both are given in the table).  

 (a) Complete the table below and to predict the demand for Period 5 (See image).          

              Show the calculations for the demand for Period 2.   

(b) Based on the actual demands of the first 4 periods forecast the demand for period 5 using the linear regression method.      

(c) Which method performs better based on the actual demand for period 5? Why do you think so? 

Period 1 2 3 4 5 Actual Demand 200 212 214 222 236 St 200.00 Gt 4.00 Ft-1, t 200
Transcribed Image Text:Period 1 2 3 4 5 Actual Demand 200 212 214 222 236 St 200.00 Gt 4.00 Ft-1, t 200
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