The Demand for Krispee Crunchies, a favorite breakfast cereal of people born in the 1940s, is experiencing a decline. The company vants 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 - October. Generate forecasts for November - December, using the trend projection by regression method. Month Sales January 910,000 February 795,000 March April May Month Sales June 745,000 July 720,000 805,000 August 720,000 805,000 September 680,000 795,000 October 670,000 Obtain the forecasts for November and December. (Enter your responses rounded to the nearest whole number.) Forecast, F₁ Period November December

Practical Management Science
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ISBN:9781337406659
Author:WINSTON, Wayne L.
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Chapter2: Introduction To Spreadsheet Modeling
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The Demand for Krispee Crunchies, a favorite breakfast cereal of people born in the 1940s, 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 - October. Generate forecasts for November - December, using the trend projection by regression method.
Month
June
July
August
805,000 September
680,000
795,000 October 670,000
Obtain the forecasts for November and December. (Enter your responses rounded to the nearest whole number.)
Forecast, Ft
Month
Sales
January
910,000
February 795,000
March 805,000
April
May
Period
November
December
Sales
745,000
720,000
720,000
Transcribed Image Text:The Demand for Krispee Crunchies, a favorite breakfast cereal of people born in the 1940s, 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 - October. Generate forecasts for November - December, using the trend projection by regression method. Month June July August 805,000 September 680,000 795,000 October 670,000 Obtain the forecasts for November and December. (Enter your responses rounded to the nearest whole number.) Forecast, Ft Month Sales January 910,000 February 795,000 March 805,000 April May Period November December Sales 745,000 720,000 720,000
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