The operations manager of a manufacturing firm concerns about the sales performance of a particular product...
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The operations manager of a manufacturing firm concerns about the sales performance of a particular product in the near future after looking at the historical data. The yearly sales revenues during the last three-year period are provided by the marketing people as follows: Year Sales Revenue (thousand $) 225.4 238.2 241.6 What is the forecast for the 4th year's sales revenue by using linear trend method? Question 18 1 2 3 What is the forecast for the 4th year's sales revenue by using double smoothing method with C = 0.4 and B=0.2 (start with initial estimates S₁ = 226 and T₁ = 10 for the 1st year)? The operations manager of a manufacturing firm concerns about the sales performance of a particular product in the near future after looking at the historical data. The yearly sales revenues during the last three-year period are provided by the marketing people as follows: Year Sales Revenue (thousand $) 225.4 238.2 241.6 What is the forecast for the 4th year's sales revenue by using linear trend method? Question 18 1 2 3 What is the forecast for the 4th year's sales revenue by using double smoothing method with C = 0.4 and B=0.2 (start with initial estimates S₁ = 226 and T₁ = 10 for the 1st year)?
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To forecast the 4th years sales revenue using the linear trend method we can use linear regression to estimate the trend in the sales data Linear regr... View the full answer
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
Posted Date:
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