Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Forecast the number of purchases of Apple Watches for the next 10 years, worldwide, using the Bass model. Make your estimates for the entire Apple

  1. Forecast the number of purchases of Apple Watches for the next 10 years, worldwide, using the Bass model. Make your estimates for the entire Apple Watch family, not for a specific model.
    1. Estimate the total market demand for Apple Watch using the chain ratio method, world wide. Explain how you came up with your estimates
    2. Select two analogous products in the Enginius software to help forecast sales of Apple Watch.
    3. Forecast sales of the Apple watch using historical data over the next 10 years. Use the past sales numbers provided in the table below.
    4. Plot each of your sales predictions. Explain which you believe is most accurate and why.
    5. Based on your preferred prediction, in what year will sales of Apple Watch reach its peak?
YearApple Watch Units Sold
20156.8 million
201612 million
201718 million
201822.5 million
201933 million
202040 million

Step by Step Solution

3.52 Rating (145 Votes )

There are 3 Steps involved in it

Step: 1

The Bass model is a forecasting model that is used to predict the number of future purchases of a pr... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Forecasting

Authors: John E. Hanke, Dean Wichern

9th edition

132301202, 978-0132301206

More Books

Students also viewed these Economics questions

Question

What is your greatest weakness?

Answered: 1 week ago