Reconsider Problem 10.22. Use the lessons learned from the CCW case study to address the following questions.
Question:
a. What might be causing the significant shifts in total sales from month to month that were observed last year?
b. Given your answer to part a, how might the basic statistical approach to forecasting total sales be improved?
c. Describe the role of managerial judgment in applying the statistical approach developed in part b?
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a Shift in total sales may be due to the release of new products on top o...View the full answer
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Related Book For 
Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier
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