Question: Now, read the following and write a 2 - 3 paragraph report on the following: (Don't forget to provide visuals!) Fried dough is a popular
Now, read the following and write a 2 - 3 paragraph report on the following: (Don't forget to provide visuals!)
Fried dough is a popular North American food associated with outdoor food stands at carnivals, amusement parks, fairs, festivals, and so on. Usually dusted with powdered sugar and drenched in oil, it is not particularly healthy, but it sure is tasty! Jose Sanchez owns a small stall at Boston Commons in Boston, Massachusetts, where he sells fried dough and soft drinks. Although business is good, he is apprehensive about the variation in sales for no apparent reason. The accompanying data file contains information on the number of plates of fried dough and soft drinks that he sold over the last 30 days. In a report, use the sample information to 1) explore forecasting models, including moving averages and the simple exponential method, to smooth the time series for fried dough and soft drinks, and 2) Use the preferred method to forecast sales of fried dough and soft drinks for the 31st day! Use MAD, MAPE, MSE forcasting
| Day | Fried Dough | Soft Drinks |
| 1 | 89 | 168 |
| 2 | 109 | 155 |
| 3 | 109 | 191 |
| 4 | 111 | 190 |
| 5 | 99 | 154 |
| 6 | 86 | 168 |
| 7 | 78 | 135 |
| 8 | 79 | 113 |
| 9 | 76 | 120 |
| 10 | 76 | 108 |
| 11 | 63 | 138 |
| 12 | 59 | 105 |
| 13 | 68 | 121 |
| 14 | 78 | 139 |
| 15 | 59 | 150 |
| 16 | 69 | 148 |
| 17 | 53 | 170 |
| 18 | 66 | 176 |
| 19 | 58 | 146 |
| 20 | 70 | 177 |
| 21 | 83 | 177 |
| 22 | 78 | 207 |
| 23 | 98 | 221 |
| 24 | 94 | 198 |
| 25 | 104 | 236 |
| 26 | 96 | 224 |
| 27 | 116 | 222 |
| 28 | 133 | 228 |
| 29 | 127 | 197 |
| 30 | 136 | 212 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
