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The Whistle Stop Cafe in Weems, Georgia, is well known for its popular homemade ice cream, made in a small

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The Whistle Stop Cafe in Weems, Georgia, is well known for its popular homemade ice cream, made in a small plant in back of the cafe. People drive all the way from Atlanta and Macon to buy the ice cream. The two women who own the cafe want to develop a forecasting model so they can plan their ice cream production operation and determine the number of employees they need to sell ice cream in the cafe. They have accumulated the following sales records for their ice cream for the past 12 quarters:

The Whistle Stop Cafe in Weems, Georgia, is well known

Develop an adjusted exponential smoothing model with α = .50and β = .50 to forecast demand and assess its accuracy using cumulative error (E) and average error ( ). Does there appear to be any bias in theforecast?

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Exponentially Adjusted Exponentially Smoothed Forecast Smoothed Forecast Quarter Sales 50 50 50 …View the full answer


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Introduction to Management Science

Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

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Question Posted: July 17, 2014 05:32:53
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