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Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend and seasonal patterns. Which forecasting method might be best for bow rakes for each month of Year 5? Why? Use the forecasting method you recommended in part c to forecast demand for each month of Year 5. OM Explorer is highly recommended to develop your forecasts.

Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend and seasonal patterns. Which forecasting method might be best for bow rakes for each month of Year 5? Why? Use the forecasting method you recommended in part c to forecast demand for each month of Year 5. OM Explorer is highly recommended to develop your forecasts.

Practical Management Science
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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Please see attached image for chart to answer questions. 

  1. Prepare a graph that shows the four-year demand history for the bow rake. Discuss any apparent trend and seasonal patterns.
  2. Which forecasting method might be best for bow rakes for each month of Year 5? Why?
  3. Use the forecasting method you recommended in part c to forecast demand for each month of Year 5. OM Explorer is highly recommended to develop your forecasts.

 

Four-Year Demand History for the Bow Rake: Month 1 2 3 4 5 6 7 8 9 10 11 12 Year 1 55,220 57,350 15,445 27,776 21,408 17,118 18,028 19,883 15,796 53,665 83,269 72,991 DEMAND Year 2 39,875 64,128 47,653 43,050 39,359 10,317 45,194 46,530 22,105 41,350 46,024 41,856 Year 3 32,180 38,600 25,020 51,300 31,790 32,100 59,832 30,740 47,800 73,890 60,202 55,200 Year 4 62,377 66,501 31,404 36,504 16,888 18,909 35,500 51,250 34,443 68,088 68,175 61,100
Transcribed Image Text:Four-Year Demand History for the Bow Rake: Month 1 2 3 4 5 6 7 8 9 10 11 12 Year 1 55,220 57,350 15,445 27,776 21,408 17,118 18,028 19,883 15,796 53,665 83,269 72,991 DEMAND Year 2 39,875 64,128 47,653 43,050 39,359 10,317 45,194 46,530 22,105 41,350 46,024 41,856 Year 3 32,180 38,600 25,020 51,300 31,790 32,100 59,832 30,740 47,800 73,890 60,202 55,200 Year 4 62,377 66,501 31,404 36,504 16,888 18,909 35,500 51,250 34,443 68,088 68,175 61,100
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