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# Forecasting Unit Demand - PowerPoint PPT Presentation

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

• 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

Round 4 – December 31, 2010

Revision Date: April 24, 2011

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

Round 4 – December 31, 2010

Revision Date: May 29, 2011

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