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A commercial bakery has recorded sales (in dozens) for three products, as shown below: Day 1 2 3 4 5 6 7 8 9 18
A commercial bakery has recorded sales (in dozens) for three products, as shown below: Day 1 2 3 4 5 6 7 8 9 18 11 12 13 14 15 Blueberry Muffins 30 33 32 32 35 32 31 38 29 33 38 32 39 32 37 Cinnamon Buns 17 16 18 18 21 22 24 22 25 26 26 27 29 33 35 Cupcakes 46 12 16 49 22 17 14 51 18 18 11 54 17 14 12 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 Cinnamon Buns Cupcakes The : The : The forecast is forecast is forecast is b. What should the use of sales data instead of demand imply? We are assuming The use of sales data instead of demand implies that adequately reflect that no stock outs occurred because demand equals sales if there are no shortages
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