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A commercial bakery has recorded sales (in dozens) for three products, as shown below: Day Blueberry Muffins Cinnamon Buns Cupcakes 123456789 31 25 46
A commercial bakery has recorded sales (in dozens) for three products, as shown below: Day Blueberry Muffins Cinnamon Buns Cupcakes 123456789 31 25 46 32 24 14 33 26 20 33 26 49 5 36 31 24 32 32 17 33 34 14 39 32 51 29 35 17 10 33 36 19 11 38 36 11 12 32 37 54 13 35 39 18 14 32 43 15 15 31 45 13 Click here for the Excel Data File a. Predict orders for the following day for each of the products using an appropriate naive method. Blueberry Muffin : The forecast is Cinnamon Buns : The forecast is Cupcakes : The forecast is b. What should the use of sales data instead of demand imply? The use of sales data instead of demand implies that adequately reflect We are assuming that no stock-outs occurred because demand equals sales if there are no shortages.
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