Following are the data on demand for white bread loaves at a bakery. Day 1 2 3 4 Loaves 199 209 215 226 233 237 252 257 253 265 283 278 279 298 310 6 7 8. 10 11 12 13 14 15 a. Develop a linear trend...

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Following are the data on demand for white bread loaves at a bakery.<br>Day<br>1<br>2<br>3<br>4<br>Loaves<br>199<br>209<br>215<br>226<br>233<br>237<br>252<br>257<br>253<br>265<br>283<br>278<br>279<br>298<br>310<br>6<br>7<br>8.<br>10<br>11<br>12<br>13<br>14<br>15<br>a. Develop a linear trend equation for the above data on demand for white bread loaves at a bakery (use of Excel's Trendline, with<br>display Equation on chart option, is recommended), and use it to forecast demand on day 16. (Round the final answers to 2 decimal<br>places.)<br>Y=<br>x+<br>Forecast demand on day 16<br>b. The variations around the linear trend line seem to have above- and below-the-line runs. Therefore, use trend-adjusted exponential<br>smoothing with a = 0.2 and B = 0.1 to model the bread demand. Use the first four days to estimate the smoothed initial trend that you<br>use for periods 4 and 5 (use the increase from day 1 to day 4 divided by 3). Also, use A4 to estimate S4. Start forecasting day 5. What is<br>the forecast for day 16? (Round the final answers to 2 decimal places.)<br>Period<br>TAF†<br>5<br>6<br>7<br>8<br>9.<br>10<br>11<br>12<br>13<br>14<br>15<br>16<br>Forecast for day 16<br>

Extracted text: Following are the data on demand for white bread loaves at a bakery. Day 1 2 3 4 Loaves 199 209 215 226 233 237 252 257 253 265 283 278 279 298 310 6 7 8. 10 11 12 13 14 15 a. Develop a linear trend equation for the above data on demand for white bread loaves at a bakery (use of Excel's Trendline, with display Equation on chart option, is recommended), and use it to forecast demand on day 16. (Round the final answers to 2 decimal places.) Y= x+ Forecast demand on day 16 b. The variations around the linear trend line seem to have above- and below-the-line runs. Therefore, use trend-adjusted exponential smoothing with a = 0.2 and B = 0.1 to model the bread demand. Use the first four days to estimate the smoothed initial trend that you use for periods 4 and 5 (use the increase from day 1 to day 4 divided by 3). Also, use A4 to estimate S4. Start forecasting day 5. What is the forecast for day 16? (Round the final answers to 2 decimal places.) Period TAF† 5 6 7 8 9. 10 11 12 13 14 15 16 Forecast for day 16

Jun 10, 2022
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