Question: Mini Case 1 Eli Orchid has designed a new pharmaceutical product, Orchid Relief, which improves the night sleep. Before initiating mass production of the product,
Mini Case
Eli Orchid has designed a new pharmaceutical product, Orchid Relief, which improves the night sleep. Before initiating mass production of the product, Eli Orchid has been markettesting Orchid Relief in Orange County over the past weeks. The daily demand values are recorded in the Excel file provided. Eli Orchid plans on using the sales data to predict sales for the upcoming week. An accurate forecast would be helpful in making arrangements for the company's production processes and designing promotions.
Before a forecasting model is built and a forecast for the next week is generated, the of the company has asked the data analyst for an exploratory analysis of the demand.
Specifically, the has asked the analyst :
tabletableTo provide a bar chart with datalabels rounded to two decimal pointsshowing the average demand for eachweek day Sun Mon., etc.add chart here
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