Question: dont do it on excel please 4. (38 marks) The Newfoundland Wine Company has recently introduced its new brand of red wine, called Red Rocks.

dont do it on excel please dont do it on excel please 4. (38 marks) The

4. (38 marks) The Newfoundland Wine Company has recently introduced its new brand of red wine, called Red Rocks. To date, demand for the product for the first three months is as follows: Month April May June Actual Demand 2,200 3,600 4,000 a) (13 marks) Using the Trend Adjusted Exponential Smoothing model, calculate the 4th month forecast (July); let a = 0.5 and B = 0.7 (start with initial estimates of S. (or Sapril) = 2,000 and T (or Tapril) = 400). b) (16 marks) Using the Linear Trend model, determine the trend equation and calculate the 4th month (July) forecast demand. Use the table below to organize your calculations. c) (7 marks) Calculate MAD (using months 1 - 3) for each of the methods above. What is the preferred method and why? State any necessary assumptions. d) (2 marks) Using the preferred method from c) above, forecast demand for the 5th month (August)

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