To help pay their college expenses, two of your friends invested in a hot dog concession stand
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To help pay their college expenses, two of your friends invested in a hot dog concession stand that they plan to operate during sporting events and during lunch on campus. They have asked for your help in forecasting the demand for hot dogs. How would you develop a forecast for demand, assuming that no historical data are available? What are the consequences of overestimating versus underestimating demand?
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In the absence of past data forecasting demand can be a bit challenging but its definitely possible Here are a few steps you can follow to develop a f...View the full answer
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Related Book For
Operations And Supply Chain Management For MBAs
ISBN: 9781119355328
6th Edition
Authors: Jack R. Meredith, Scott M. Shafer
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