1. How does the number of periods in moving average the forecast? 2. Contrast the terms sales and demand. 3. mmercial bakery has recorded sales (in dozens) for three pro

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 8PPS
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Forecasting:
1. How does the number of periods in moving average affect the responsiveness of
the forecast?
2. Contrast the terms sales and demand.
3.
KA commercial bakery has recorded sales (in dezens) for three products, as shown below:
Blueberry
MuHins
Cinnamon
Buns
Day
Cupcakes
30
18
45
34
17
26
32
19
27
34
23
35
2
22
30
23
48
23
29
34
36
25.
20
29
24
14
10
31
26
18
35
31
11
27
47
28
26
27
37
34
13
14
31
24
15
33
33
22
a. Predict orders for the following day for cach of the products using an appropriate naive
method.
b What should the use of sales data instead of demand imply.
RNN N N N
H.NM p
Transcribed Image Text:Forecasting: 1. How does the number of periods in moving average affect the responsiveness of the forecast? 2. Contrast the terms sales and demand. 3. KA commercial bakery has recorded sales (in dezens) for three products, as shown below: Blueberry MuHins Cinnamon Buns Day Cupcakes 30 18 45 34 17 26 32 19 27 34 23 35 2 22 30 23 48 23 29 34 36 25. 20 29 24 14 10 31 26 18 35 31 11 27 47 28 26 27 37 34 13 14 31 24 15 33 33 22 a. Predict orders for the following day for cach of the products using an appropriate naive method. b What should the use of sales data instead of demand imply. RNN N N N H.NM p
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