Question: please answer! thanks! A convenience store recently started to carry a new brand of soft drink. Management is interested in estirnaling future salos volume to
A convenience store recently started to carry a new brand of soft drink. Management is interested in estirnaling future salos volume to determine whether it should continue to carry the new brand or forecast for week 1 of 595 ) methods to forecast demand for week 13 . Compare these methods by using the mean absolute derviation and mean absolide percent error performance critera. Does your analysis suppest that sales are trending and if so, by how much? (i) Obtain the trend projection with regression forecast The forecast for week 13 is 753 . (Enter your response rounded to the nearest whole number) Specily the mean absolute deviation (MAO) and mean absolute percent error (MAPE). (Enter your responses rounded to Awo decimal places)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
