Answered: Month Demand (1000s) Month Demand…

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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Question

The Pro Apparel company manufactures baseball-stylecaps with various team logos. The caps come in an assort-ment of designs and colors. The company has had monthlysales for the past 24 months as follows:Develop a forecast model using the method you believe best,and justify your selection using a measure (or measures) offorecast accuracy.

Month
Demand (1000s)
Month
Demand (1000s)
1
8.2
13
10.3
2
7.5
14
10.5
3
8.1
15
11.7
4
9.3
16
9.8
5
9.1
17
10.8
6
9.5
18
11.3
7
10.4
19
12.6
8
9.7
20
11.5
9
10.2
21
10.8
10
10.6
22
11.7
11
8.2
23
12.5
12
9.9
24
12.8

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