The Toro Cutlery Company has collected monthly sales information below:MONTHJanuaryFebruaryMarchAprilThe company is examining two forecasting methods, moving average and exponential smoothing for forecasting sales.a. What will the forecast be for January the following year using a three-, four-, and five-month moving averages? Do not round intermediate calculations. Round your answers to the nearest whole number.Forecast (January, 3-month MA): 87667Forecast (January, 4-month MA): 72500Forecast (January, 5-month MA): 69600b. What will the forecast be for January the following year using exponential smoothing with a = 0.6? Assume the forecast for February this year is 25,000. Do not round intermediate calculations. Round your answer to the nearestwhole number.SALES25,00018,00043,000110,000MONTHMayJuneJulyAugustSALESMONTH84,000 September28,000October97,000 November58,000 DecemberSALES27,000105,00082,00076,000

Forecasting is knowing the part of future events by making predictions and estimates mainly based on…

Answered: What will the forecast be for January…

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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Demand for oil changes at Garcia's Garage has been as follows: Number of Oil Changes January 44 February 49 March 66 IT April 59 May 53 June 58 59 63 Month July August a. Use simple linear regression analysis to develop a forecasting model for monthly demand. In this application, the dependent variable, Y, is monthly demand and the independent variable, X, is the month. For Janu The forecasting model is given by the equation Y=+x. (Enter your responses rounded to two decimal places) J Show Transcribed Text >. Use the model to forecast demand for September, October, and November. Here, X=9, 10, and 11, respectively. (Enter your responses rounded to two decimal places.) Forecast for the number of Oil Changes Show Transcribed Text Month September October November can you do all the parts please corrrect
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Assume Sandra's forecasted ADR for the night is $1600.99. What would be her estimated total room revenue for this day? ADR = Total room revenue / Number of rooms sold
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please answer within 30 minutes.
Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Gary has gathered the following data, which show the numbers of these coffees sold over six different price values: D Price $2.50 $3.40 $2.10 $4.30 $3.00 $4.10 Using simple linear regression and given that the price per cup is $1.75, the forecasted demand for mocha latte coffees will be cups (enter your response rounded to one decimal place). Number Sold 765 515 975 245 315 480
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