Question: 2. Freight car loading over a 10-week period at a busy port are as follows Week 1- 10 week 2 - 250 week 3- 280
2. Freight car loading over a 10-week period at a busy port are as follows Week 1- 10 week 2 - 250 week 3- 280 week 4 - 270 week 5-300 week 6- 310 week 7 - 350 week - 360 week 9 - 400 week 10 - 420 a. forecast week 11, by using exponential soothing, use a (alpha) = 0.7, forecast of week 6 = 320 b. Develop the trend equation to forecast week 20 and 25 c. The manager intends to install new equipment when the volume exceeds 800 loadings per week Assuming the current trend continues, the loading volume will reach that level in approximately what week? d. Compute MAD and MSE for the trend equations? 3-5. The operations manager of a musical instrument distributor feels that the demand for Bass Drums may be related to the number of television appearances by the popular rick group Green shades during the previous month. The manager has collected the data shown in the following table. Demand for Bass Drums 3, 6, 7, 5, 10, 8 Green Shades TV appearances 3, 4, 7, 6, 8, 5.
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