Question: Please solve these 3 questions below- QUESTION 8 A former classmate runs a thriving specialty cake business Kristies Cake Creations . Kristie would like your
Please solve these 3 questions below-
QUESTION 8
A former classmate runs a thriving specialty cake business Kristies Cake Creations. Kristie would like your help with some production planning related activities. You would like to use your experience with her business to demonstrate the skills youve gained during your MBA, and gain clients for a fledgling consulting side gig. She has provided sales data for the last several days and would like you to develop a forecast.
| Day | Cupcakes Sold |
| Monday | 145 |
| Tuesday | 138 |
| Wednesday | 154 |
| Thursday | 160 |
| Friday | 185 |
| Saturday | 210 |
| Sunday | 198 |
| Monday | 148 |
| Tuesday | 140 |
Forecast Wednesdays sales using simple exponential smoothing. Use alpha of 0.8.
QUESTION 9
Kristie has been forecasting demand using the average daily demand from the past year. Average daily demand = 153, standard deviation =16.
Which forecast is better (hers or the one you computed)? Why?
| For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph Arial
P 0 WORDSPOWERED BY TINY |
QUESTION 10
Which of the following does NOT represent a valid reason for Polaris Industries to seek a new international location to manufacture its side-by-side vehicles?
| Reduce labor costs | ||
| Reduce responsiveness | ||
| Access global talent and skills | ||
| Expand into new markets | ||
| All of the above are valid reasons for Polaris to seek new international location. |
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