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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 28 57 2
A commercial bakery has recorded sales (in dozens) for three products, as shown below:
Day | Blueberry Muffins | Cinnamon Buns | Cupcakes |
1 | 42 | 28 | 57 |
2 | 42 | 27 | 21 |
3 | 41 | 29 | 24 |
4 | 44 | 29 | 60 |
5 | 48 | 31 | 32 |
6 | 42 | 32 | 28 |
7 | 41 | 34 | 26 |
8 | 48 | 32 | 58 |
9 | 39 | 35 | 24 |
10 | 42 | 36 | 29 |
11 | 46 | 36 | 22 |
12 | 43 | 37 | 63 |
13 | 46 | 39 | 28 |
14 | 44 | 42 | 25 |
15 | 45 | 44 | 23 |
a. Predict orders for the following day for each of the products using an appropriate naive method.
Blueberry Muffin | : The (Click to select) seasonal-adjusted naive trend-adjusted naive basic naive forecast is | |
Cinnamon Buns | : The (Click to select) seasonal-adjusted naive basic naive trend-adjusted naive forecast is | |
Cupcakes | : The (Click to select) basic naive trend-adjusted naive seasonal-adjusted naive forecast is | |
b. What should the use of sales data instead of demand imply?
The use of sales data instead of demand implies that (Click to select) sales demand adequately reflect (Click to select) demand sales . We are assuming that no stock-outs occurred because demand equals sales if there are no shortages.
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