Question: 34 Can you write the complete steps? Background: Wes and Steve are partners in a lunch truck company that operates a central kitchen and operates

34
Can you write the complete steps?
34 Can you write the complete steps? Background:
34 Can you write the complete steps? Background:
34 Can you write the complete steps? Background:
Background: Wes and Steve are partners in a lunch truck company that operates a central kitchen and operates lunch trucks that travel to various locations in Philadelphia, Monday-Friday. The lunch trucks deliver pre-packaged healthy sandwich and salad alternatives, fresh fruit and pre-packaged low-fat desserts and canned beverages. Together, the partners have to make many decisions about how to structure the operational aspects of the business so that it is cost effective, efficient and profitable. Analysis 1: After analyzing the last 4 weeks of sales data, Steve and West have determined that their business has seasonality each week and is growing in an upward trend. They have identified the following trend equation for their daily sales and seasonal relatives for each workday, Monday through Friday as shown below. The pair would like to create a forecast for week 5 using this information: F(t) = $15,150 + $133.50x Where t = 1 on MONDAY of Week 1 and where seasonal relatives are as follows: Monday 1.15 Tuesday .90 Wednesday .80 Thursday 1.20 Friday 1.50 Analysis 2: Steve and Wes have developed 2 forecasting techniques for food truck sales (shown in $00) and want to confirm which is more accurate. They have supplied the following table with actual/forecasted sales for Technique A and Technique B. Forecast A Day Actual Sales 1 45 2 42 3 46 4 60 5 65 6 62 7 52 8 58 9 67 10 72 NON 44 58 59 64 55 57 69 70 Forecast B 49 41 45 57 61 61 55 60 65 72 1. Create the relevant T-table for solving Analysis 1: (3 pts) 2. What is the forecast for each weekday of Week 5 (you must include math): (5 pts) Day Math Monday Answer Tuesday = Wednesday Thursday Friday 1 3. With the data provided, calculate MAD and MSE for each forecasting technique (no need to convert to $00): (6 pts) Forecast A Work: Forecast B Work: MAD: MAD: MSE: MSE: 4. Which technique would you recommend? (1 pt)

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