Business - Problems(Seerelatedpages...

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Problems (See related pages) 1.  A commercial bakery has recorded sales (in dozens) for three products, as shown below:  a. Predict orders for the following day for each of the products using an appropriate naive method.  Hint:  Plot each data set.  b. What should the use of  sales  data instead of  demand  imply?  2. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as  follows:  a. Plot the monthly data on a sheet of graph paper.  b. Forecast September sales volume using each of the following:  1. A linear trend equation.  2. A five-month moving average.  3. Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of  19(000). 
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4. The naive approach.  5. A weighted average using .60 for August, .30 for July, and .10 for June. c.
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Business - Problems(Seerelatedpages...

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