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1. A bakeshop 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? CHAOA YDAATE AO Cupcakes ATe ONA SAM Blueberry Clanamon Buns BUDY 3D48AM CMA TARS AROW LE MT STRMuffins Day 13VA TOUT 30 45 34 STUO 17 26 32 19 27 19 22 6. 48 23 29 8. 25 20 29 24 14 10 31 26 18 11 35 27 47 12 31 28 26 13 ilaup 2 29 31 37 14 34 24 33 Ixa Jngbut no var 2ibor sviileu0 lebisoaid to sau srb no vis 31sium 15 alasero qolaveb o 2oidsi16V guome 2. Freight car loadings over a 12-year period at a busy port are as follows: 21nolpigo leizbas Tegensor baa anotnigo ovitusexe.a Number Week Number Week Week Number sm ow Upind460 sloozes 475 1 220 350 13 245 8. 360 14 3sb 400 500 sdT 4. 275 380 510 525 odziw 0f 1qm18 25upiarbe541 vbsboz2A 16 300 11 420 17 6 SE 2b 310 12 450 enodsups cin naltsiotoi Isrls atstoriont a. Determine a linear trend line for expected freight car loadings. b. Use the trend equation to predict expected loadings for weeks 20 and 21. C. The manager intends to install new equipment when the volume exceeds 800 loadings per week. Assuming the current trend continues, the loading volume will reach that level in approximately what week?

1. A bakeshop 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? CHAOA YDAATE AO Cupcakes ATe ONA SAM Blueberry Clanamon Buns BUDY 3D48AM CMA TARS AROW LE MT STRMuffins Day 13VA TOUT 30 45 34 STUO 17 26 32 19 27 19 22 6. 48 23 29 8. 25 20 29 24 14 10 31 26 18 11 35 27 47 12 31 28 26 13 ilaup 2 29 31 37 14 34 24 33 Ixa Jngbut no var 2ibor sviileu0 lebisoaid to sau srb no vis 31sium 15 alasero qolaveb o 2oidsi16V guome 2. Freight car loadings over a 12-year period at a busy port are as follows: 21nolpigo leizbas Tegensor baa anotnigo ovitusexe.a Number Week Number Week Week Number sm ow Upind460 sloozes 475 1 220 350 13 245 8. 360 14 3sb 400 500 sdT 4. 275 380 510 525 odziw 0f 1qm18 25upiarbe541 vbsboz2A 16 300 11 420 17 6 SE 2b 310 12 450 enodsups cin naltsiotoi Isrls atstoriont a. Determine a linear trend line for expected freight car loadings. b. Use the trend equation to predict expected loadings for weeks 20 and 21. C. The manager intends to install new equipment when the volume exceeds 800 loadings per week. Assuming the current trend continues, the loading volume will reach that level in approximately what week?

Contemporary Marketing
Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
Problem 1LO
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1. A bakeshop 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? CHAOA YD AATE AUO Cupcakes ATe OMA SAM ICY CO Cianamon Blueberry Muffins ARO Co.20 AUDY 3518 AM CA ARS Day 13VA TOUE 30 45 34 17 26 27 19 4. 19 23 22 22 23 48 7. 23 29 8. 36 25 20 29 24 14 10 31 26 18 11 35 27 47 12 31 26 aasb ad u 2s 27.in/ost gai250910 31 13 14 34 24 31slumm 15 lebisolaid to sau arh no alaserol qulavab o 2oidsi16V gnome 2. Freight car loadings over a 12-year period at a busy port are as follows: 21noinio le12 bas Tegenso ba anoinigo Number Week Week Number Week Number Em ow 350 upind 460 475 1 220 7 13 245 360 14 pirotello goibsrims sdi to 400 280 6. 15 500 4 275 10 380 16 510 420 bisqicnoue wsqe ph 300 11 17 525 6 SE 2b 310 uftni 12 nsbi, vib 450 01 8 25pinrbe541 vdsinoz2A a. Determine a linear trend line for expected freight car loadings. b. Use the trend equation to predict expected loadings for weeks 20 and 21.VOSTUD c. The manager intends to install new equipment when the volume exceeds 800 loadings per week. Assuming the current trend continues, the loading volume will reach that level in approximately what week?
Transcribed Image Text:1. A bakeshop 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? CHAOA YD AATE AUO Cupcakes ATe OMA SAM ICY CO Cianamon Blueberry Muffins ARO Co.20 AUDY 3518 AM CA ARS Day 13VA TOUE 30 45 34 17 26 27 19 4. 19 23 22 22 23 48 7. 23 29 8. 36 25 20 29 24 14 10 31 26 18 11 35 27 47 12 31 26 aasb ad u 2s 27.in/ost gai250910 31 13 14 34 24 31slumm 15 lebisolaid to sau arh no alaserol qulavab o 2oidsi16V gnome 2. Freight car loadings over a 12-year period at a busy port are as follows: 21noinio le12 bas Tegenso ba anoinigo Number Week Week Number Week Number Em ow 350 upind 460 475 1 220 7 13 245 360 14 pirotello goibsrims sdi to 400 280 6. 15 500 4 275 10 380 16 510 420 bisqicnoue wsqe ph 300 11 17 525 6 SE 2b 310 uftni 12 nsbi, vib 450 01 8 25pinrbe541 vdsinoz2A a. Determine a linear trend line for expected freight car loadings. b. Use the trend equation to predict expected loadings for weeks 20 and 21.VOSTUD c. The manager intends to install new equipment when the volume exceeds 800 loadings per week. Assuming the current trend continues, the loading volume will reach that level in approximately what week?
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