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Many services and products experience seasonal fluctuations. Adjusting uniform demand by a seasonal index ratio ean help forecasters to replicate historical fluctuations. By following the
Many services and products experience seasonal fluctuations. Adjusting uniform demand by a seasonal index ratio ean help forecasters to replicate historical fluctuations. By following the seasonal forecasting steps below, you can create a seasonal forecast. Steps and have already been calculated in Table Complete steps and by filling in the last three columns of Table
Seasonal forecasting steps
Calculate each seasonal average.
Calculate the overall average for the time horizon.
Calculate each seasonal index ratio by dividing the seasonal average # by the overall average #
Estimate next horizon's total demand. Divide next horizon's total demand by the number of seasons per horizon uniform forecast
Calculate the seasonal forecast by multiplying the uniform forecast # by the seasonal index # for each season.
For a creamery, fill in the last three columns of Table if the estimate for ice cream cakes in the next horizon Year is ice cream cakes.
NOTE: If you are unable to select any of the cells toward the righthand side of the table, please click on a cell within the same row on the lefthand side of the table and use the 'Tab' key to tab over to the cell you would like to edit.
Table Sales for ice cream cakes
tableQuarterYear Sales,Year Sales,tableQuarterlyAveragetableOverallAveragetableSeasonal Indicesone decimal placetableUniform Forecastwhole numberSpringSummerFallWinterTotal
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