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A manager of a store that sells and installs spas wants to prepare a forecast for January, February, and March of next year. Her forecasts
A manager of a store that sells and installs spas wants to prepare a forecast for January, February, and March of next year. Her forecasts are a combination of trend and seasonality. She uses the following equation to estimate the trend component of monthly demand: Ft = 90 + 2t, where t = 0 in June of last year. Seasonal relatives are 1.08 for January, .87 for February, and 1.01 for March. What demands should she predict? (Round your answers to 2 decimal places.)
Month | Forecast |
January of the next year | |
February of the next year | |
March of the next year | |
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