Question: help! A comvenience tioce recently started to carry a now brand of sof drink. Management is interested in ostimating future sales volume fo delermine whether
help!
A comvenience tioce recently started to carry a now brand of sof drink. Management is interested in ostimating future sales volume fo delermine whether it should continue to carry the new trand o replace it with another brand. The following table prevides the number of cans sold per woek. Use both the trend projection with regression and the exponential smoothing (fet a =0.4 with an intiaf forecast foc week 1 of 575 ) methods to forecast demand for week 13. Compese these mothods by uving the mean absolute deviafon and moan absolute percent error performance criteria. Does your analytis suggest that sales are trending and if so, by how much? (i) Obtain the trend projection with regression forecast. The forectast for week 13 is (Enter yout response rounded to the nearest whole number.) Specily the mean absolite deviation (MMD) and mean absolule percert errot (MaPE). (Enfer your responses nunded to Mo decima/ places.)
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