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Consider a retailer that sells summer fashion items such as swimsuits. About 6 months before summer, the retailer must place an order to the manufacturer
Consider a retailer that sells summer fashion items such as swimsuits. About 6 months before summer, the retailer must place an order to the manufacturer for all its products. Since there is no clear indication of how the market will respond to the new designs, the retailer needs to use various tools to predict demand for each design, and decide order quantity accordingly
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