Question: Problem 5: (30 points) The Instant Paper Clip Office Supply Company sells and delivers office supplies to companies, schools, and agencies within a 50-mile radius

Problem 5: (30 points) The Instant Paper Clip
Problem 5: (30 points) The Instant Paper Clip Office Supply Company sells and delivers office supplies to companies, schools, and agencies within a 50-mile radius of its warehouse. The office supply business is competitive, and the ability to deliver orders promptly is a big factor in getting new customers and maintaining old ones. (Offices typically order not when they run low on supplies, but when they completely run out. As a result, they need their orders immediately.) The managers of the company want to be certain that enough drivers and vehicles are available to deliver orders promptly and that they have adequate inventory in stock. Therefore, they were debating about the best forecasting method to use to accurately predict demand for deliveries during the next month. From the records of previous orders, management has accumulated the following data for the past 8 months: Month Orders Forecast 1: Exponential Forecast 1 Forecast 2: two-period Forecast 2 Smoothing (a=0.9) (A-F) weighted moving average (A-F)? (W.-0.4W2-0.6) January February (a) 1444 (d) March 120 576 85 April 784 May 70 529 1024 June 72 1444 (e) 130 106 576 (f) August (b) (c) 62 100 1239 484 90 96 118 93 112 102 110 1024 July 94 122 130 Answer the following questions while showing the calculation method: (a) (3 points) (b) (3 points) (c) (3 points) (d) (3 points) (e) (3 points) (9) (3 points)

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