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Forecasting Unit Demand. Chester Corporation. Forecast Definition. To estimate or calculate in advance To serve as an advance indication of; foreshadow: price increases that forecast inflation. Estimate future trends by examining and analyzing available information.
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Forecasting Unit Demand Chester Corporation
Forecast Definition • To estimate or calculate in advance • To serve as an advance indication of; foreshadow: price increases that forecast inflation. • Estimate future trends by examining and analyzing available information. • A prediction, as of coming events or conditions.
Production Analysis December - 31, 2010 Low Tech Products – 9 High Tech Products - 4
Low Tech Market Segment Analysis Round 4 – December 31, 2010
Top Products in Low Tech Segment Revision Date: April 24, 2011
2011 Total Low Tech Unit Demand Number of Products Average Product Expected Sales Cake Assessment Low Tech Forecast High Tech Forecast Total Forecast 7,379 * 1.1 = 8117 8.5 955 Slightly Better than Average 955 * 1.10 = 1,050 225 1,275 Forecasting Demand for Cake
High Tech Market Segment Analysis Round 4 – December 31, 2010
Top Products in High Tech Segment Revision Date: May 29, 2011
2011 Total High Tech Unit Demand Number of Products Average Product Expected Sales Cake Assessment High Tech Forecast Low Tech Forecast Total Forecast 4,479 * 1.2 = 5,375 5 1,075 Above Average 1,075 * 1.20 = 1,290 0 1,290 Forecasting Demand for Cruton