Business plan users measures a business and its growth by means of sales, thus statement of sales is a cru-cial part of your business plan. Sales forecasting is a pillar of your business plan but no wories it doesn'require complex equation. In sales forecast, what you needed is an educated guessing based on the pos-sible demand of your product. Below is the demand and supply of t-shirt among your competitors, analyzethe figures in the table and discuss what it fries to imply in the box below.Historical DataTotal DemondSupply: Competitor A Supply: Competitor Supply Competitor CTotal Supplysold per yearB sold per yearsold per yearYear 125,0371110122113433674Year 229,5401721184319775541Year 334,4942825288829668679

Supply chain management is described as the process through which product creation and its…

Answered: Business plan users measures a business…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Below is a table containing data on product demand for the most recent five months along with the forecasts that had been made for those 5 previous months. Use the 3-period simple moving average method to forecast the number of sales to expect next month. Month Demand Forecast 1 308 341 388 343.3 3 344 364.7 4 400 346.7 341 377.3
Both the bottom-up and the top-down approaches can be used to forecast sales. When might you prefer the bottom-up approach? When might you prefer the top-down approach?
Below is a table containing data on product demand for the most recent five months along with the forecasts that had been made for those 5 previous months. Use the 3-period weighted moving average method to forecast the number of sales to expect next month. Use the following weights: 0.4 for the most recent, 0.3 for the 2nd most recent, and 0.3 for the 3rd most recent. Month Demand Forecast 1 308 337 2 388 341.4 3 344 368 4 400 342.8 5 341 378.4
As the database administrator for the iTunes store, how would you use preductive analysis to predict which bands and movies will sell the most next year if you were in charge of estimating sales?
A pizza chain wants to forecast the demand rate for each store for each hour in the day.What type of forecasting method is it most likely to deploy?a. Automated forecastingb. Expert panel forecastingc. Weather forecastingd. Macroeconomic forecasting
Forecasts and actual sales of digital music players at Just Say Music are as follows: Month Forecast Actual Sales March 150 170 April 207 214 May 202 190 June 265 247 July 268 242 August 250 210 September 285 240 October 267 192 What is the forecast for November, using a two-period moving average? Round your answer to two decimal places. What is the forecast for November, using a three-period moving average? Round your answer to two decimal places. Compute MSE for the two- and three-period moving average models and compare your results. Do not round intermediate calculations. Round your answers to two decimal places.
The following should be considered: Consider if predictive analytics, such as the use of big data, would have succeeded in marketing if it had been used 15 years ago. Is there a reason why this is the case?
Consider the monthly sales data of a company for last year as well as first six-month data for current year. Use a three- quarter weighted moving average, Forecast the sales of company for 3rd Quarter of current year. Use Weights of 4/7, 2/7 and 1/7, giving more weight to more recent data. Note, the 1ist quarter is Jan, Feb and March, 2nd quarter is Apr, May, June, 3rd quarter is July, Aug and Sept, and 4th quarter is Oct, Nov and Dec. Month Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Last Yr 100 125 135 175 185 200 150 140 130 200 225 250 Current Yr 125 135 135 190 200 190
four techniques used for forecasting sales (market researchers, delphi technique, trend analysis, and econometric models) were introduced. What are some factors when preparing a sales forecast that would lead you to rely on one or two of these techniques more than the others? Support your choice with evidence.
List and describe the differences between forecasts and predictions?
Which OPSCM maco designs / operations models / manufacturing environments use a forecast to plan for fulfillment of demand? Select one: A. MTO & ETO B. MTO & MTS C. CTO & MTS D. ETO & MTS E. All of them use forecasts. Clear my choice
Do not use chatgpt. Answer in step by step with explanation.

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