A manufacture production for the year 2019/2020 are given below sales for a Dubai- based firm...
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A manufacture production for the year 2019/2020 are given below sales for a Dubai- based firm over the last 12 months are shown in the following table. Product 1100 1200 12 1300 9 a) Plot the data and determine the regression equation. Discuss the obtained R value. Predict the demand for the last quarter for 2020. b) Referring to the same data, use the trend-adjusted exponential smoothing to obtain forecasts for the October 2020, given the following parameters a = .60, B = 40, F = 475, T = 0.9. c) Evaluate the two forecasting techniques and select one for the decision maker in the manufacture. Month 2019 10 11 Month 2020 1 2 3 Product 2000 2200 2400 Month 2020 4 5 6 Product 3500 3700 3900 Month 2020 7 8 Product 1500 1400 1300 A manufacture production for the year 2019/2020 are given below sales for a Dubai- based firm over the last 12 months are shown in the following table. Product 1100 1200 12 1300 9 a) Plot the data and determine the regression equation. Discuss the obtained R value. Predict the demand for the last quarter for 2020. b) Referring to the same data, use the trend-adjusted exponential smoothing to obtain forecasts for the October 2020, given the following parameters a = .60, B = 40, F = 475, T = 0.9. c) Evaluate the two forecasting techniques and select one for the decision maker in the manufacture. Month 2019 10 11 Month 2020 1 2 3 Product 2000 2200 2400 Month 2020 4 5 6 Product 3500 3700 3900 Month 2020 7 8 Product 1500 1400 1300
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Based on the table provided in the image we can do the following analyses and calculations a Plot the data and determine the regression equation Discuss the obtained R2 value First well plot the data ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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