Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. honeywell bakery has been offering a new vegan cup

Honeywell Bakery has been offering a new vegan cupcake and wants to know the demand in...

90.2K

Verified Solution

Question

Advance Math

Honeywell Bakery has been offering a new vegan cupcake and wantsto know the demand in the future. For the past six weeks, thedemand has been 60 cupcakes, 55 cupcakes, 75 cupcakes, 60 cupcakes,80 cupcakes, and 75 cupcakes respectively. 1. a) Using a simplefour-week moving average, calculate a forecast for next week. (4points) b) If the forecast for week 6 was 85 cupcakes, then usingsingle exponential smoothing with ?=0.2, calculate a forecast fornext week. (4 points) 2. a) Using simple linear regression,calculate the trend line for the historical data. X- Axis shouldrepresent the period (e.g. week 1 = 1, week 2 = 2, and so on),while the ? axis is demand. (12 points) b) Calculate a forecast fornext week. Is this forecast different from the ones calculated in1a and 1b? If so, please explain the difference. (10 points)

Answer & Explanation Solved by verified expert
3.8 Ratings (507 Votes)
Answer1a SImple FourWeek Moving Average Forecast Demand for the Next 7th Week Sum of Actual Demandfor Week 3 to 6 4 75 60 80 75 4 290 4 7250 CupcakesAnswer    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Using a fluorescence microscope, you observed how the localization of GFP-Ras changes in response to the...

Biology
Q

What should be the resource for asset allocation? Should it be 60/40 a reasonable allocation strategy?

Finance
Q

Ansoff's matrix is useful for what?and explain about 2 following companies, 1. Joanie wants to open...

Accounting
Q

A cone has a volume of 108? and a base diameter of 12. What is...

Geometry
Q

ABCD is a parallelogram and EF is parallel to AB Select all triangles are similar...

Basic Math
Q

The graph below shows the sex ratio for different maternal ethnicities A sex ratio of...

Calculus
Q

3 Show that 8Z 56Z Z7

Algebra
Q

Windhoek Mines,...

Accounting
Q

The general fund is often considered to be the principal financial statement for a governmental...

Accounting
Q

Judy has health insurance with a $1,000 annual deductible, a $5,000 stop loss provision, or...

Accounting
Q

Which of the following entries journalizes the receipt of cash from cash customers for services...

Accounting
Q

As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal...

Accounting