Question

Historical demand for a product is as follows: DEMAND April 59 May 54 June 74 July...

Historical demand for a product is as follows:


DEMAND
April 59
May 54
June 74
July 59
August 79
September 74

a. Using a simple four-month moving average, calculate a forecast for October. (Round your answer to 2 decimal places.)

Forecast for October            

b. Using single exponential smoothing with α = 0.30 and a September forecast = 64, calculate a forecast for October. (Round your answer to 2 decimal places.)

Forecast for October            

c. Using simple linear regression, calculate the trend line for the historical data. Say the X axis is April = 1, May = 2, and so on, while the Y axis is demand. (Round your intercept value to the nearest whole number and slope value to 2 decimal places.)

Y =  +  t

d. Calculate a forecast for October using your regression formula. (Round your answer to 2 decimal places.)

Forecast for October            

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