Question: 1 . Develop a linear regression trendline for the data provided from ( 2 0 0 8 2 0 1 5 ) to provide a
Develop a linear regression trendline for the data provided from to provide a regression equation. Use the regression equation from question to obtain forecasted sales FT for Jan Dec ie months Insert your forecasted sales in the "Regress Sale Forecast F column in the Table below. Next, calculate the forecast errors for Jan Dec ie months Insert your forecast error values in the "Forecast Error FET column in Table below. For your submitted you can simply copy and paste the completed Table Table Gales Data and Reoression Forecast Use the data obtained in Table to calculate the Mean Absolute Percentage Error MAPE for when using the Regression method to forecast sales. Use exponential smoothing with an alpha value of alpha to obtain forecasted sales Fi for Jan Dec ie months Note that you will need the Actual Sales Ar from Dec ie month and a forecast from month use the Naive Method to get the first exponential smoothing forecast. These values can be obtained from the data file provided. Insert your forecasted sales in the "Exponential Use exponential smoothing with an alpha value of alpha to obtain forecasted sales FT for Jan Dec ie months Note that you will need the Actual Sales A from Dec ie month and a forecast from month use the Nave Method to get the first exponential smoothing forecast. These values can be obtained from the data file provided. Insert your forecasted sales in the "Exponential MQM : Operations Management Smoothing Sales Forecast FT column in the Table below. Next, calculate the forecast errors for Jan Dec ie months Insert your forecast error values in the "Forecast Error FEr column in Table below. For your submitted you can simply copy and paste the completed Table Table : Sales Data and Exponential Smoothing Forecast Use the data obtained in Table to calculate the Mean Absolute Percentage Error MAPE for when using the Exponential Smoothing method to forecast sales. Which method would you recommend for Napa Valley Winery to use to forecast their sales moving forward? Justify your answer with a detailed explanation.
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