Buy custom Forecasting Methods in Big-box Retailing
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1254 |
Essay's paper body
The following is a hypothetical example of sales of core shrubs in a nursery.
Sales ($) Flat Avg ($) Index
Jan 7,000 10,000 0.7
Feb 8,000 10,000 0.8
Mar 14,000 10,000 1.4
Apr 15,000 10,000 1.5
May 12,000 10,000 1.2
Jun 9,500 10,000 0.95
Jul 8,000 10,000 0.8
Aug 8,500 10,000 0.85
Sep 11,500 10,000 1...
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While this is a snapshot of one particular year, by calculating the Seasonal Index from several years of past data, the index becomes a more accurate tool for forecasting. The following is a plot of the same data to simply highlight the seasonality of this hypothetical shrub business.
When preparing forecasts for data such as sales, it is worth noting that retailers must distinguish between what merchandise in their mix is truly dependent on these seasonality factors (Berman, 2004)...
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General points of the essay
Closing Sales, Sales Management
Comparing and Contrasting Forecasting Methods
Forecasting Methods in Big-box Retailing
Forecasting Methods
Retailing Characteristics Of Fast Food Stores And Their Impact On Customer Sales And Satisfaction
SEx Sales
Sales Letter
Sales Training Methods
Sales plan
Summer Sales? That's HOT!
Death of a Sales-man
Sales Promo
Sales Pitching
Sales
K and N Sales
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