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Assignment for Chapter 4 Part C The Great Northwest Outdoor Company is a catalogue sales operation that specializes in outdoor recreational clothing. Demand for its
Assignment for Chapter 4 Part C The Great Northwest Outdoor Company is a catalogue sales operation that specializes in outdoor recreational clothing. Demand for its items is very seasonal, peaking during the holiday season and during the spring. It has accumulated the following data for order per "season" (quarter) during the past two years. Year/Quarter 2002:1 2 3 4 2003:1 2 3 4 Orders (in 1000s) 22.4 28.8 21.0 45.5 23.2 27.6 24.4 47.1 Suppose that the linear regression line obtained with the above data is given by y = 22+1.8x. x = 1 for the first quarter of 2002. 1. Compute the values on the regression line when r equals 9, 10, 11, and 12. 2. Compute the seasonal factors for quarter 1, 2, 3, and 4. 3. Compute the forecasted demand for the first, second, third, and fourth quarters in 2004.
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