MyLab Operations Management with Pearson eText -- Access Card -- for Operations Management: Sustainability and Supply Chain Management
12th Edition
ISBN: 9780134165325
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Chapter 4, Problem 46P
Question
• 4.32 The following data relate the sales figures of the bar in Mark Kaltenbach’s small bed-and-breakfast inn in Portand, to the number of guests registered that week:
| WEEK | GUESTS | BAR SALES |
| 1 | 16 | $330 |
| 2 | 12 | 270 |
| 3 | 18 | 380 |
| 4 | 14 | 300 |
- a. Perform a linear regression that relates bar sales to guests (not to time).
- b. If the
forecast is for 20 guests next week, what are the sales expected to be?
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Daily demand for sandwiches at a local deli is shown in the table. Using a 3 period weighted moving average (most recent demands receive the highest weights) with weights W1 = 0.50, W2 = 0.30 and W3 = 0.20, what is the forecast for day 8?
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Chapter 4 Solutions
MyLab Operations Management with Pearson eText -- Access Card -- for Operations Management: Sustainability and Supply Chain Management
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