Solution-Operations management-forecasting assignment

Operations management-forecasting assignment

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Reference no: EM131460095

Operations Management

Forecasting Assignment

The following table presents the orders of Samson Company for the last 36 months (3 years).

Month	Order Year 1	Order Year 2	Order Year 3
January	502	614	712
February	408	592	698
March	491	584	686
April	456	532	644
May	481	599	694
June	511	604	702
July	522	624	724
August	500	612	716
September	510	625	732
October	512	627	740
November	520	650	745
December	536	680	756

1. Use the data in the above table and regression analysis to forecast the orders for the next 12 months (4th year). Include your excel work sheet and your work in your write up. Show the regression equation, values of intercept, slope, correlation coefficient and coefficient determination and the forecast of orders for the next 12 months.

2. Explain how you could make your forecast's results more reliable by incorporating a qualitative research to your quantitative results.

Reference no: EM131460095

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Operations management-forecasting assignment

Reference no: EM131460095

Reference no: EM131460095

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