Year Demand History for the Bow Rake: DEMAND Month Year 1 Year 2 Year 3 Year 4 1 55,220 39,875 32,180 62,377 2 57,350 64,128 38,600 66,501 3 15,445 47,653 25,020 31,404 4 27,776 43,050 51,300 36,504 5 21,408 39,359 31,790 16,888 6 17,118 10,317 32,100 18,909 7 18,028 45,194 59,832 35,500 8 19,883 46,530 30,740 51,250 9 15,796 22,105 47,800 34,443 Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend and seasonal patterns. 2. Which forecasting method might be best for bow rakes for each month of Year 5? Why?
Year Demand History for the Bow Rake: DEMAND Month Year 1 Year 2 Year 3 Year 4 1 55,220 39,875 32,180 62,377 2 57,350 64,128 38,600 66,501 3 15,445 47,653 25,020 31,404 4 27,776 43,050 51,300 36,504 5 21,408 39,359 31,790 16,888 6 17,118 10,317 32,100 18,909 7 18,028 45,194 59,832 35,500 8 19,883 46,530 30,740 51,250 9 15,796 22,105 47,800 34,443 Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend and seasonal patterns. 2. Which forecasting method might be best for bow rakes for each month of Year 5? Why?
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
Year Demand History for the Bow Rake:
|
DEMAND |
|||
Month |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
1 |
55,220 |
39,875 |
32,180 |
62,377 |
2 |
57,350 |
64,128 |
38,600 |
66,501 |
3 |
15,445 |
47,653 |
25,020 |
31,404 |
4 |
27,776 |
43,050 |
51,300 |
36,504 |
5 |
21,408 |
39,359 |
31,790 |
16,888 |
6 |
17,118 |
10,317 |
32,100 |
18,909 |
7 |
18,028 |
45,194 |
59,832 |
35,500 |
8 |
19,883 |
46,530 |
30,740 |
51,250 |
9 |
15,796 |
22,105 |
47,800 |
34,443 |
- Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend and seasonal patterns.
2. Which
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