Question: Following are the data on demand for white bread loaves at a bakery. Day 1 Y= 11 12 13 14 15 Period 5 6 7
Following are the data on demand for white bread loaves at a bakery. Day 1 Y= 11 12 13 14 15 Period 5 6 7 8 Loaves 207 211 214 258 500 OMARE 260 200 9 10 11 12 13 14 212 533 231 53 231 25 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.) 15 16 231 201 248 240 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 = 0.4 and B=0.3 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.) Forecast for day 16 268 530 279 570 270 279 296 313 TAFt
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