Question: Following are the data on demand for white bread loaves at a bakery. Day Loaves 210 211 214 231 234 DO VOVIAWNA 236 244 256

 Following are the data on demand for white bread loaves at

Following are the data on demand for white bread loaves at a bakery. Day Loaves 210 211 214 231 234 DO VOVIAWNA 236 244 256 255 262 11 286 12 273 13 286 14 298 15 311 a. Develop a linear trend equation for the above data on demand for white bread loaves at a bakery (use of Excel's Trendline, with display Equation on chart option, is recommended), and use it to forecast demand on day 16. (Round the final answers to 2 decimal places.) Y = x + Forecast demand on day 16 b. The variations around the linear trend line seem to have above- and below-the-line runs. Therefore, use trend-adjusted exponential smoothing with a = 0.2 and B = 0.1 to model the bread demand. Use the first four days to estimate the smoothed initial trend that you use for periods 4 and 5 (use the increase from day 1 to day 4 divided by 3). Also, use A4 to estimate S4. Start forecasting day 5. What is the forecast for day 16? (Round the final answers to 2 decimal places.)

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