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A commercial bakery has recorded sales (in dozens) for three products, as shown below: Day Blueberry Muffins Cinnamon Buns Cupcakes 1 42 17 58 2
A commercial bakery has recorded sales (in dozens) for three products, as shown below: |
Day | Blueberry Muffins | Cinnamon Buns | Cupcakes |
1 | 42 | 17 | 58 |
2 | 41 | 16 | 23 |
3 | 42 | 18 | 28 |
4 | 41 | 18 | 61 |
5 | 49 | 20 | 35 |
6 | 40 | 21 | 29 |
7 | 43 | 25 | 28 |
8 | 49 | 22 | 61 |
9 | 39 | 26 | 27 |
10 | 42 | 28 | 27 |
11 | 47 | 29 | 23 |
12 | 41 | 29 | 64 |
13 | 47 | 30 | 26 |
14 | 43 | 32 | 23 |
15 | 45 | 34 | 21 |
a. | Predict orders for the following day for each of the products using an appropriate naive method. |
Blueberry Muffin: The Basic Naive forcast is 45
Cinnamon Buns: The trend-adjusted naive forecast is 36
Cupcakes: The seasonal-adjusted naive forecast is ?
Everything is correct except for I can't figure out the forecast for the cupcake. |
b. | What should the use of sales data instead of demand imply? |
The use of sales data instead of demand implies that sales adequately reflect demand. |
We are assuming that no stock-outs occurred because demand equals sales if there are no shortages.
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