Consider the data given in Problem 11 15 for Nilgiris Convenience Consider the data given in Problem
Consider the data given in Problem 11 15 for Nilgiris Convenience
Consider the data given in Problem 11-15 for Nilgiris Convenience Store.
(a) If the store wants to use exponential smoothing to forecast the sales volume, what is the optimal value of a that would minimize MAPE? What is the forecast for day 11 using this model?
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper Now(b) If the store wants to use linear trend analysis to forecast the sales volume, what is the linear equation that best fits the data? What is the fore-cast for day 11 using this model?
(c) Which of the methods analyzed here and in Problem 11-15 would you use? Explain your answer.
Consider the data given in Problem 11 15 for Nilgiris Convenience
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
We are a leading academic writing company, which has been providing exclusive writing services for years.