Question: (a) Using the data from Table 1 above, develop a regression equation for predicting the level of demand for dried flowers. (5) (Instruction: Show all


(a) Using the data from Table 1 above, develop a regression equation for predicting the level of demand for dried flowers. (5) (Instruction: Show all calculation steps and work with two digits after the comma for all calculations. Answers should be presented in a table format) (b) Employing the trend line developed in question (a), generate the forecasts for periods 19,20,21,22, and 23. (Instruction: Show all calculation steps and work with two digits after the comma for all calculations. Answers should be presented in a table format) (c) Plot the data from Table 1 as well as the generated forecasts using a labeled line graph. (d) Don Dursley wants to increase the stock of dried flowers when the demand reaches 851 . Predict when this will happen assuming the present trend. (2) (Instruction: Show all calculation steps) 1.5 Mention and explain one operations strategy that the manager of Honeydukes Restaurant employs. Support your answer by quoting from the case above. (4) (a) Using the data from Table 1 above, develop a regression equation for predicting the level of demand for dried flowers. (5) (Instruction: Show all calculation steps and work with two digits after the comma for all calculations. Answers should be presented in a table format) (b) Employing the trend line developed in question (a), generate the forecasts for periods 19,20,21,22, and 23. (Instruction: Show all calculation steps and work with two digits after the comma for all calculations. Answers should be presented in a table format) (c) Plot the data from Table 1 as well as the generated forecasts using a labeled line graph. (d) Don Dursley wants to increase the stock of dried flowers when the demand reaches 851 . Predict when this will happen assuming the present trend. (2) (Instruction: Show all calculation steps) 1.5 Mention and explain one operations strategy that the manager of Honeydukes Restaurant employs. Support your answer by quoting from the case above. (4)
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