Month JanFebMar Apr MayJunSales 5155545750686659Jul Aug Sep Oct Nov Dec67 69 75 77PepsiCo uses potatoes for most of its products. The CEO has requested that you outline theforecasted volumes in tonnes using trend projection for the first FIVE months of 2025(January, February, March, April, May and June) using the data for 2024 provided. Thefollowing data for 2024 is provided for potatoes in tonnes. Make use of relevantcalculations.

To forecast the volumes for the first five months of 2025, we can use a simple linear regression…

Answered: Month Jan Feb Mar Apr May Jun Sales 51…

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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Explain the function of demand forecasting in the logistics system and supply chain of a company! Then determine the demand forecasting value for the next 12 months based on the following historical data using several quantitative methods such as linear regression, exponential smoothing, and moving average! Note: The moving average period is 3 months, while the alpha for exponential smoothing is 0.53
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Below is a table containing data on product demand for the most recent five months along with the forecasts that had been made for those 5 previous months. Use the 3-period weighted moving average method to forecast the number of sales to expect next month. Use the following weights: 0.4 for the most recent, 0.3 for the 2nd most recent, and 0.3 for the 3rd most recent. Month Demand Forecast 1 308 337 2 388 341.4 3 344 368 4 400 342.8 5 341 378.4
Use simple exponential smoothing with a -0.8 to forecast electric scooter sales at Guelph- Humber Inc. for July. Assume that the forecast for May was for 45 electric scooters. Round your answer to 1 decimal Electric Scooter Sales Month May 42 June 47 July 45 August 40 Weekly demand for medical masks for the last five weeks at Chopper Drug Store has been as follows: 92, 96, 100, 100 and 102 (listed from the oldest to most recent). Suppose a naive forecast was used to forecast demand. What would the MAD be for this situation? Enrollment in a particular Yoga class at Guelph Fitness Centre for the last five months has been 80, 86, 88, 88 and 90(listed from the oldest to most recent). Suppose a two-month mov average was used to forecast enrollment. What would the MSE be for this situation?
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