Question: 3 . ( ( 1 5 + 2 + 3 ) ) Continuing from the problem # 2 Spools'R'Us Manufacturing company produces
Continuing from the problem # Spools'R'Us Manufacturing company produces different types of spools. Demands for bob spools in units over the last months are as follows:
Based on the nature of the values determined as the trend values in the adjusted exponential smoothing technique for forecasting in problem the industrial engineer of Spools'R'Us decided to use linear trend technique for forecasting.
a Was heshe correct on the decision for utilizing the linear trend forecasting technique for this set of historical sales values? Justify your answer with references from problem
b Referencing from your work from part: a is it possible to forecast for the month of November
c Continuing from partb if your answer is "yes", then forecast for the month of November If your answer is no then forecast for the month of November using any appropriate technique discussed during the class.
Note: This manufacturing company uses percentage deviation MAPD as a tool for justifying and utilizing a specific technique and a set of parameters.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
