How would you go about forecasting demand and sales

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Reference no: EM133396361

Questions:

1. Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts?

2. Suppose that you were thinking about opening a new restaurant. How would you go about forecasting demand and sales?

3. Provide some examples of time series that exhibit

a. trends.

b. seasonal patterns.

c. cyclical patterns."

Reference no: EM133396361

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