Predict orders for day for each of product by naive method
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Trader sells 15 units for $25 each on December 15. Eight of the sold units are from the December 7 purchase and seven are from the December 14 purchase. Trader uses a perpetual inventory system.Determine the costs assigned to the December 31 endin
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Predict orders for the following day for each of the products using an appropriate naïve method. Hint: Plot each data set.
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