During the noon hour this past Wednesday at a fast- food restaurant, 72 hamburg-ers were sold. The smoothed value calculated the week before was 67. Update the forecast for next Wednesday using simple exponential smoothing and an a of 0.1.
Answer to relevant QuestionsFor the data in exercise 14.2, update the fast- food restaurant forecast if a trend value of 1.4 was calculated for the previous week. Use a b of 0.3 to update the trend for this week, and determine the forecast for next ...Prepare a spreadsheet model for the commuter airline’s weekly load factor data in Table 14.4 , and recalculate the forecasts using an a of 0.2 and a b of 0.2. Have you improved on the original MAD? Discuss how information technology can help to create a competitive advantage through inventory management? The Supermart Store is about to place an order for Valentine’s Day candy. The candy can be bought for $ 1.40 per box, and it is sold for $ 2.90 per box up to Valentine’s Day. After Valentine’s Day, any remaining boxes ...Dutch Farms imports cheese by the case from Holland for distribution to its Texas retail outlets. During the year ( 360 days), Dutch Farms sells 1,080 cases of cheese. Because of spoilage, Dutch Farms estimates that it costs ...
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