Question: D.O. Better, operations manager for Luxury Products, Inc., is forecasting the corning month's (October's) demand for his best-selling product based on the following date: Month:

D.O. Better, operations manager for Luxury Products, Inc., is forecasting the corning month's (October's) demand for his best-selling product based on the following date: Month: Jan Feb Mar Apr May Jun Jul Aug Sep Price: 19 17 21 20 23 24 31 28 29 1 . Develop the October forecast using exponential smoothing with a smoothing parameter of .7 and the value 20 as the initial forecast for January. ( 1 point ) The forecast for October is: 27 28 C. 29 d. 30 12 2. Develop the October forecast using linear regression for trend determination. ( 2 points ) The slope (rate of change per month) of the trend is: 1.5037 b. 1.6167 C. 1.6606 d. 1.75 2.0 What is the forecast for October (month 10)? 29.7 31.1 C. 31.6 Page 4

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