Answered: Month Sales Month Sales January 890,000…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

The demand for Krispee Crunchies, a favorite breakfast cereal of people born in the 1940s, is experiencing a decline. The company wants to monitor demand for this product closely as it nears the end of its life cycle. The following table shows the actual sales history for January–October. Generate
forecasts for November–December, using the trend projection with regression method. Looking at the accuracy of its forecasts over the history file, as well as the other statistics provided, how confident are you in these forecasts for November–December?

Month
Sales
Month
Sales
January
890,000
July
710,000
February
800,000
August
730,000
March
825,000
September
680,000
April
840,000
October
670,000
May
730,000
November
June
780,000
December

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