Question: Following are the data on demand for white bread loaves at a bakery. 13 Day 1 1 2 3 4 5 6 7 8 9

Following are the data on demand for white bread

Following are the data on demand for white bread loaves at a bakery. 13 Day 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Loaves 202 216 214 226 239 236 250 260 257 275 276 278 285 288 309 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 = 0.4 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 54. Start forecasting day 5. What is the forecast for day 16? (Round the final answers to 2 decimal places.) TAFT Period 5 6 7 8 8 9 10 11 12 13 14 15

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