A commercial bakery has recordedsales (in dozens) for three products, as shown below: Day Blueberry Muffins Cinnamon
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Question:
A commercial bakery has recordedsales (in dozens) for three products, as shown below: |
Day | Blueberry Muffins | Cinnamon Buns | Cupcakes |
1 | 30 | 18 | 45 |
2 | 34 | 17 | 26 |
3 | 32 | 19 | 27 |
4 | 34 | 19 | 23 |
5 | 35 | 22 | 22 |
6 | 30 | 23 | 48 |
7 | 34 | 23 | 29 |
8 | 36 | 25 | 20 |
9 | 29 | 24 | 14 |
10 | 31 | 26 | 18 |
11 | 35 | 27 | 47 |
12 | 31 | 28 | 26 |
13 | 37 | 29 | 27 |
14 | 34 | 31 | 24 |
15 | 33 | 33 | 22 |
a. | Predict orders for the followingday for each of the products using an appropriate naivemethod. |
BlueberryMuffin | : The (Click toselect)seasonal-adjusted naivebasic naivetrend-adjustednaive forecast is | |
Cinnamon Buns | : The (Click toselect)basic naiveseasonal-adjusted naivetrend-adjustednaive forecast is | |
Cupcakes | : The (Click toselect)basic naiveseasonal-adjusted naivetrend-adjustednaive forecast is | |
b. | What should the useof sales data insteadof demand imply? |
The use of sales data instead of demand implies that (Clickto select)demandsales adequately reflect (Click toselect)salesdemand. We are assuming that no stock-outs occurredbecause demand equals sales if there are no shortages. |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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