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Assume that the Estimate demand for total year 3 is 2400. Using the data in the table below and seasonal patterns, compute the Forecasted demand
Assume that the Estimate demand for total year 3 is 2400. Using the data in the table below and seasonal patterns, compute the Forecasted demand of quarter 1 in year 3. Year 1 Year 2 Quarter Demand Seasonal Factor Demand Seasonal Factor 1 45 0.18 70 0.23 2 335 1.34 370 1.23 3 520 2.08 590 1.97 4 100 0.4 170 0.57 Total 1000 1200 Average 250 300 Group of answer choices 471 772 124 254 356
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
