A Manager Has Been Using a Certain Technique to Forecast

question 52

Essay

A manager has been using a certain technique to forecast demand for gallons of ice cream for the past six periods. Actual and predicted amounts are shown below. Would a naive forecast have produced better results? $$\begin{array} { l l l } \text { Period } & \text { Demand } & \text { Forecast } \\\hline 1 & 90 & 87 \\2 & 85 & 88 \\3 & 91 & 87 \\4 & 92 & 89 \\5 & 95 & 90 \\6 & 88 & 92\end{array}$$

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Definitions:

Aged Relative

Refers to a family member who is significantly older, often requiring additional care or assistance due to age-related conditions.

Intergenerational Families

Families consisting of members from multiple generations living together or maintaining close relationships.

Tight-Knit

Closely integrated and bound together, describing a group of people who are closely connected emotionally and support each other.

Mutual Support

A form of help and assistance shared between individuals or groups, often to achieve common goals or overcome similar problems.