Question: do not do the first question, that's just a question example, use the first question do the second one III Homework: Ch... Question 3, Problem

do not do the first question, that's just a question example, use the first question do the second one
do not do the first question, that's just a
do not do the first question, that's just a
III Homework: Ch... Question 3, Problem 10 HW Score: 65.48%, 1.96 of 3 points Part 6 of 6 Points: 0.25 of 1 Save A convenience store recently started to carry a new brand of soft drink. Management is interested in estimating future sales volume to determine whether it should continue to carry the new brand or replace it with another brand. The following table provides the number of cans sold per week Use both the trend projection with regression and the exponential smoothing (let a=0.4 with an initial forecast for week 1 of 601) methods to forecast demand for week 13. Compare these methods by using the mean absolute deviation and mean absolute percent error performance criteria Does your analysis suggest that sales are trending and if so, by how much? : re 3 646 7 743 Period 1 2 4 5 6 8 9 10 11 12 Sales 601 622 734 642 618 732 749 738 663 754 () Obtain the trend projection with regression forecast The forecast for week 13 is 759 (Enter your response rounded to the nearest whole number is Specify the mean absolute deviation (MAD) and mean absolute percent error (MAPE) (Enter your responses rounded to two decimal places) MAD MAPE 34 54 5.06% (H) Obtain the exponential smoothing forecast The forecast for week 13 is 723 (Enter your response rounded to the nearest whole number) SSC Specify the mean absolute deviation (MAD) and mean absolute percent error (MAPE) (Enter your responses rounded to two decimal places) MAD MAPE 47 08 6.68% Based on MAD, the best method is trend projection with regression Based on MAPE, the best method is trend projection with regression RAM Homework: Ch... Question 3, Problem 10 Part 106 HW Score: 65 489, 196 of 3 points Points: 0 25 of 1 Save A convenience store recently Marted to carry new brand of soft drink Management is interested is estimating future sales volume to determine whether should continue to carry the brand or replace with another brand. The following table provides the number of cold per week Use both the end on with regression and the exponential moothing 4 with an intim forecast for week 1 of 572) methods to forecast demand for week 13. Compare these methode by using the mean absolute deviation and mean absoluto percentator performance criteria Does your ways suggest that makes are trading and by how Worked: ne Scord much? mpts: 8 711 9 786 10 589 11 653 12 751 Period 1 23 4 5 6 7 Sales 572 626 643 742 667 631 720 Obtain the trend projection with regression forecast The forecast for week 13 s Enter your response rounded to tw nearest whole number incorrect Question 1 mure Mac

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!