Question: 1. How does L.L. Bean use past demand data and a specific item forecast to decide how many units of that item to stock? (10

1. How does L.L. Bean use past demand data and a specific item forecast to decide how many units of that item to stock? (10 points) 2. What item costs and revenues are relevant to the decision of how many units of that item to stock? (5 points) 3. What information should Scott Sklar have available to help him arrive at a demand forecast for a particular style of men's shirts that is a new catalog item? (5 points) 4. How would you address Mark Fasold's concern that the number of items purchased usually exceeds the number forecast? (5 points) 5. What should L.L. Bean do to improve its forecasting process? (5 points)

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