Question: The bakery we have been considering in class has an additional product, Danish buns. The product has only been available for the last seven days,

The bakery we have been considering in class has an additional product, Danish buns. The product has only been available for the last seven days, and daily sales each day , have been, , respectively, 7, 9, 8, 10, 14, 13, 16. The bakery would like you to a) determine the best forecast for the next day using the most nave and textbook nave forecasting methods and b) identify which method is more accurate, in terms of a the lower MAD.

In excel

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!