Examlex

Solved

(A) Suppose That Actual Demands During April and May Are

question 94

Essay

(A) Suppose that actual demands during April and May are as follows: May, 5500 cans; June 4500 cans. After observing May's demand, what is the forecast for June's demand?
(B) Based on the data from (A), the demands during April and May average (5500+4500)/2 = 5000 cans per month. This is the same as the forecast for monthly sales before we observed the April and May data. Yet after we observed the April and May demands for Pepsi, our forecast for June demand has decreased from what it was at the end of March. Why?


Definitions:

Button To Nowhere

A non-functional or decorative button that does not lead to any action or result when engaged.

Task Completion

The achievement of a defined goal or objective.

Smart Button

A programmable button or device that can perform a variety of customizable functions in smart homes or with electronic devices through simple presses.

Original Hypothesis

An initial, untested theory or assumption made based on observation or reasoning, which proposes a possible explanation for a phenomenon or relationship.

Related Questions