Prepare a spreadsheet model for the ferry passenger data in Table 14.6 , and recal-culate the forecasts using an a of 0.3, a b of 0.1, and a g of 0.2. Has this change in the smoothing constants improved the MAD?
Answer to relevant QuestionsDuring 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 ...Prepare a spreadsheet model for the Saturday hotel occupancy data in Table 14.3 , and recalculate the forecasts using an a of 0.3. What is the new MAD? Compare and contrast a continuous review inventory system with a periodic review inventory system. A popular item stocked by the Fair Deal Department Store has an annual demand of 600 units. The cost to purchase these units from the supplier is $ 20 per unit and $ 12 to prepare the purchase order. The annual inventory ...Deep Six Seafood, a restaurant that is open 360 days a year, specializes in fresh Maine lobsters at a cost of $ 10 each. Air freight charges have increased signifi-cantly, and it now costs Deep Six $ 48 to place an order. ...
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