Question: URGENT!! Please show all work and answer the questions fully! I will give excellent ratings if you answer it fully, so I can fully understand.
URGENT!! Please show all work and answer the questions fully! I will give excellent ratings if you answer it fully, so I can fully understand.
A local company sells green hats for St Patrick's Day to bars and restaurants in SouthWestern
Ontario. The operations manager of the company recognizes that green hat business is competitive and
risky, and the ability to correctly predict demand for the next season and deliver orders promptly is a big
factor in getting new customers and maintaining old ones. Customers typically don't place an order in
advance. The operations manager of the firm wants to be certain that enough drivers and vehicles are
available to deliver orders promptly and that they produce enough hats for the season. The operations
manager wants to be able to forecast the demand for From previous orders, the hat company has the
following information for through
a Forecast orders for through using i naive method, ii a year moving average,
iii a year moving average, iv a year weighted moving average. Use weights of and
with the heavier weights on the more recent years, v exponential smoothing with alpha
Assume that the initial forecast for was
b Compute the mean absolute deviation MAD mean absolute percentage error MAPE and
mean squared deviation MSD for through for each of the methods used. Which
method would you recommend to forecast orders for Why?
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