Consider the Sales for Six Consecutive Weeks for Sam's Strawberries

question 34

Essay

Consider the sales for six consecutive weeks for Sam's Strawberries. The sales are in "flats" sold. $$\begin{array} { | c | c | } \hline \text { Week } & \text { Sales } \\\hline 1 & 16 \\\hline 2 & 18 \\\hline 3 & 14 \\\hline 4 & 10 \\\hline 5 & 20 \\\hline 6 & 22 \\\hline\end{array}$$

a.Using a three-period moving average, forecast the sales for weeks 4 through 6.
b.Use exponential smoothing with ? = 0.3 to forecast sales for weeks 4 through 6. Assume the forecast for week 1 to be 10.
c.Use linear regression (time series) to develop a prediction equation that will forecast sales. Then use that prediction equation to get forecasts for weeks 4 through 6.
d.Use MAD to pick the best forecasting method of A through C.

Evaluate the application of the doctrine of commercial impracticability and frustration of purpose.

Comprehend termination of contracts by statute limitations, mutual agreement, or satisfaction of conditions.

Understand the concept of impossibility in contract law and differentiate between objective and subjective impossibility.

Recognize the role of conditions precedent and subsequent in determining the obligations of parties to a contract.

---

Definitions:

Fetal Movements

Refers to the physical movements made by a fetus within the uterus, which can begin to be felt by the mother around 18 to 25 weeks into pregnancy.

Pregnancy

The condition of carrying one or more developing embryos or fetuses within the female reproductive tract, typically lasting about 40 weeks in humans from the last menstrual period.

Chromosomes

Rod-shaped structures composed of genes that are found within the nuclei of cells.

Genetic Factors

Elements within an organism's genes that can influence its traits, behaviors, and susceptibility to certain conditions or diseases.