Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Josh is a supply chain analyst for Wawa corporate headquarters. He is responsible for supporting Wawa's coffee selling team, and provide forecasts for the demand
Josh is a supply chain analyst for Wawa corporate headquarters. He is responsible for supporting Wawa's coffee selling team, and provide forecasts for the demand for coffee cups, in the different sizes (12oz, 160z, 240z, etc.). Josh realizes that he needs to improve on the forecasting for coffee cup demand. He is thinking to start at the top level first, and develop an overall monthly number of cups, and not yet be concerned with the different sizes, because he can help the Wawa purchasing department negotiate discounts with the cup suppliers based purely on total cup volume. Josh has data for the past year, by month, of all coffee cup demands across all 1,067 Wawa stores across the USA. In total, the register transactions for the past year show that Wawa has sold just under 200 million cups of coffee in these 12 months. Josh feels like this is a good representative number since post-COVID, the number has grown steadily proportionately with the number of new Wawa locations added. Josh's data shows that the number of coffee cup sales for the past 12 months, by month with oldest recent month first (a summertime month) and has been (expressed in mitions): 15.13, 15.92, 16.01, 16.2, 174, 18.11, 18.2, 12.82, 1714, 16.30, 15.24, 15.01. Josh will use the forecasting template file provided in Canvas to answer the following questions. (a) What has been the four-month moving average forecasts for the most recent three months? (oldest to most recent, expressed in millions) Multiple Choice 17.37, 163, 15.92 17.82, 17.37, 16.63 17.37, 1663, 16.63 Cannot be determined
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started