Develop linear regression model and compute forecast

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Reference no: EM131117000

1. The historical demand for the Panasonic Model 304 Pencil Sharpener is: January, 160; February, 280; March, 175; April, 295; and May, 190 units.

a. Using a 2-month moving average, what is the forecast for June? If June experienced a demand of 100, what is the forecast for July?

a. Using single exponential smoothing with α = 0.5, if the forecast for January had been 70, compute what the exponential forecast would have been for the remaining months through June.

a. Develop a linear regression model and compute a forecast for June, July, and August.

(You may use any software package of your choice to solve this problem, including Excel or QM, or…….)

Reference no: EM131117000

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