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PLEASE USE EXCEL TO DO THIS ASSIGNMENT. THANK YOU A retailer sells christmas tree during the christmas time where the sales history is provided in
PLEASE USE EXCEL TO DO THIS ASSIGNMENT. THANK YOU
A retailer sells christmas tree during the christmas time where the sales history is provided in column A and B. The reiler buys the trees from a supplier by $20/ unit and then sell them to the market by $25/ unit. The retailer can also return leftovers at the end of the season and the suppliers pays back $10/ unit. 1. Forecast the demand for 2021 by using any technique ( 0.5 point), and calculate the standard devision of the demand ( 1 point) by using the sales history. 2. Used the results of part 1 to calculate the optimum order quantity from the supplier (1.5 point). A retailer sells christmas tree during the christmas time where the sales history is provided in column A and B. The reiler buys the trees from a supplier by $20/ unit and then sell them to the market by $25/ unit. The retailer can also return leftovers at the end of the season and the suppliers pays back $10/ unit. 1. Forecast the demand for 2021 by using any technique ( 0.5 point), and calculate the standard devision of the demand ( 1 point) by using the sales history. 2. Used the results of part 1 to calculate the optimum order quantity from the supplier (1.5 point)Step by Step Solution
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