Ask professional

Imagine that you are the forecasting manager for Wal$-$Mart. Your boss informs you that they are

introducing a brand new premium Cashew Oil, Chef David's Cashew Oil, of which there is no past

data to base a forecast. This oil is similar in use to Olive Oil, and has previously been seen on the

shelves of competing stores like Whole Foods, and represents a new venture into the premium oil

category for Wal$-$Mart. The initial order is for $3,000$ stores to put $6$ bottles each on the shelf.

Based on this data, provide a forecast for monthly and then annual sales of Chef David's Cashew

Oil. Your explanation should be based on how the book and lecture and Powerpoint details a

forecast should be made when there is no historical data. Feel free to invent sources for non$-$

historical data $($such as taking surveys or questioning other employees, etc.$)$ that you can use to

justify your numbers.