Question: question for problem 1 in this picture 5. Omar has heard from some of his customers that they will probably cut back on order sizes




question for problem 1 in this picture
5. Omar has heard from some of his customers that they will probably cut back on order sizes in the next quarter. The company he works for has been reducing its sales force due to falling demand and he worries that he could be next if his sales begin to fall off. Believing that he may be able to con- vince his customers not to cut back on orders, he turns in an optimistic forecast of his next quarter sales to his manager. What are the pros and cons of doing that? et in ales of unet 4. An electrical contractor's records during the last five weeks indicate the number of job requests: Week: 3 4 Requests: 20 22 18 21 22 Predict the number of requests for week 6 using each of these methods: a. Naive. b. A four-period moving average. c. Exponential smoothing with a = .30. Use 20 for week 2 forecast. A commercial bakery has recorded sales (in dozens) for three products, as shown below: PR Cinnamon Blueberry Muffins Buns Cupcakes Day 18 17 19 19 4 22 14 10 11 13 88838788 2. Chapter Three Forecasting 122 a. Predict orders for the following day for each of the products using an appropriate naine method Hint: Plot each data set. b. What should the use of sales data instead of demand imply? Morbly sales for seven-month penodStep by Step Solution
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