Question: Forrest and Dan make boxes of chocolates for which the demand is uncertain. Forrest says. Thats life. On the other hand, Dan believes that some
Forrest and Dan make boxes of chocolates for which the demand is uncertain. Forrest says. Thats life. On the other hand, Dan believes that some demand patterns exist that could be useful for planning the purchase of sugar, chocolate, and shrimp. Forrest insists on placing a surprise chocolate-covered shrimp in some boxes so that You never know what youll get Quarterly demand (in boxes of chocolates) for the last three years follows:
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a. Use Intuition and judgment to estimate quarterly demand for the fourth year.
b. If the expected sales for chocolates are 14,800 cases for year 4, use the multiplicative seasonal method to prepare a forecast for each quarter of the year. Are any of the quarterly forecasts different from what you thought you would get in part(a)?
Year 2 Year 3 3,502 2,100 2,448 1,768 5,100 5.882 13,600 Quarter Year 1 3,000 1,700 900 4,400 3,300 1,500 Total 10,0001 12.000
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Forrests boxes of chocolates a One possible estimated forecast for Year 4 Quarter Forecast 1 3700 2 ... View full answer
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