Question
1. A manager is using the equation below to forecast quarterly demand for a product: Y t = 500 + 25t where t = 0
1.
A manager is using the equation below to forecast quarterly demand for a product:
Yt = 500 + 25t where t = 0 at Q1(first Quarter) of this year
What forecasts are appropriate for the 3rd and last quarter of this year?
500,500
1500, 1550
575,600
550,575
2.
A manager is using the equation below to forecast quarterly demand for a product: Previous years showed seasonal relatives 0.9; 1.1; 1.3; and 1.5 for the demand in first , second and third quarters of a year.
Yt = 1500 + 50t where t = 0 at Q3 ( third quarter ) of this year What forecasts are appropriate for the 2nd quarter of next year?
1650
1815
1700
1870
3.
A manager is using the equation below to forecast quarterly demand for a product:
Yt = 1500 + 50t where t = 0 at Q4 (fourth Quarter) of this year
What forecasts are appropriate for the 3rd quarter of next year?
1650
1700
1450
1800
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