United Dairies, Inc., supplies milk to several independent grocers throughout Dade County, Florida. Managers at United Dairies want to develop a forecast of the number of half-gallons of milk sold per week. Sales data for the past 12 weeks follow and have been transferred in the data file UDFMilk.xlsx  download(also posted under week 11 module).   Week Sales Week Sales 1 2750  7 3300 2 3100  8 3100 3 3250  9 2950 4 2800 10 3000 5 2900 11 3200 6 3050 12 3150   By Thursday, April 15 (11:55pm PST), answer the following 2 questions and attach a word doc or excel file to show your work.  Use the data in the file UDFMilk.xlsx  downloadto construct a time series plot. What type of pattern exists in the data? Use exponential smoothing with  to develop a forecast of demand for week 13.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 24PPS
icon
Related questions
Question

United Dairies, Inc., supplies milk to several independent grocers throughout Dade County, Florida. Managers at United Dairies want to develop a forecast of the number of half-gallons of milk sold per week. Sales data for the past 12 weeks follow and have been transferred in the data file UDFMilk.xlsx  download(also posted under week 11 module).

 

Week

Sales

Week

Sales

1

2750

 7

3300

2

3100

 8

3100

3

3250

 9

2950

4

2800

10

3000

5

2900

11

3200

6

3050

12

3150

 

By Thursday, April 15 (11:55pm PST), answer the following 2 questions and attach a word doc or excel file to show your work. 

    1. Use the data in the file UDFMilk.xlsx  downloadto construct a time series plot. What type of pattern exists in the data?

    2. Use exponential smoothing with  to develop a forecast of demand for week 13.

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 2 images

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt