Question: Please help!! I don't understand, am I supposed to make a table? Imagine that you are the forecasting manager for Wal - Mart. Your boss
Please help!! I don't understand, am I supposed to make a table?
Imagine that you are the forecasting manager for WalMart. 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 WalMart. The initial order is for stores to put 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 nonhistorical data such as taking surveys or questioning other employees, etc. that you can use to justify your numbers.
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