Assume that you are the regional operations manager responsible for 27 Burger Queen Restaurants. What types of demand forecast models do you think you would need for your short-term planning? What decisions would each forecast support? Identify the users of each forecast.
Answer to relevant QuestionsWhat arguments would you use in order to justify tightening the limits used on a tracking signal control chart? How about for loosening the limits? Use the Excel spreadsheet that accompanies this chapter to evaluate different forecasting models using the ice cream sales data. Try the following parameters for the moving average and simple exponential smoothing models; ...Using the data from the problem 10: a. Using the average demand for the year as the base, compute a seasonal index for each month. b. Use regression to estimate the deseasonalized demand in each of the given months. Using ...Use the Excel spreadsheet that accompanies this Supplement to evaluate different forecasting models using the ice cream sales data. a. Which model, time series regression, causal regression using temperature, or trend ...Do you think chase strategies might be more appropriate in some industries than in others? Give some examples and explain why.
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