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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!