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Page 705, problem 1 You need to use Excel or QM for these problems.
Page 705, problem 1 You need to use Excel or QM for these problems. If you use Excel for both, put them in one file (in one sheet or two sheets) If you use QM for windows, you can copy it to Word document. Please write your name at the top of each of your file. 1. THE SAKI MOTORCYCLE DEALER IN THE MINNEAPOLIS- ST PAUL AREA WANTS TO MSKE AN ACCURATE FORECAST OF DEMAND FOR THE SAKI SUPER TXII MOTORCYCLE DURING THE NEXT MONTH. BECAUSE THE MANUFACTURER IS IN JAPAN, IT IS DIFFICULT TO SEND MOTORCYCLES BACK OR REORDER IF THE PROPER NUMBER IS NOT ORDERED A MONTH AHEAD. FROM SALES RECORDS, THE DEALER HAS ACCUMULATED THE FOLLOWING DATA FOR THE PAST YEAR:MONTH MOTORCYCLE SALESJANUARY 9FEB 7MAR 10APR 8MAY 7JUNE 12JUL 10AUG 11SEPT 12OCT 10NOV 14DEC 16A. COMPUTE A MONTH MOVING AVERAGE FORECAST OF DEMAND FOR APRIL THROUGH JANUARY (OF THE NEXT YEAR)B.COMPUTE A 5-MONTH MOVING AVERAGE FORECAST FOR JUNE THROUGH JANUARY.C. COMPARE THE TWO FORECASTS COMPUTED IN (A) ZND IN (B) USING MAD. WHICH ONE SHOULD THE DEALER USE FOR JANUARY OF THE NEXT YEAR.
