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PART A The following table shows quarterly sales (in thousand units) for a product over 5 years. The overall sales average for the entire 5

PART A The following table shows quarterly sales (in thousand units) for a product over 5 years. The overall sales average for the entire 5 years is 120.65 (thousand units). Fill in the missing values assuming there is no trend. Round seasonal indexes to 4 decimal places. Report Averages accurate toat most2 decimal places. Report Actual sales ('000) accurate to the nearest integer.

Year 1 Year 2 Year 3 Year 4 Year 5 Average Seasonal Index
Quarter 1 111 121 122 114 0.9764
Quarter 2 66 79 73 70 74
Quarter 3 88 92 94 101 91
Quarter 4 187 212 198 206 1.6511

PART B Suppose actual quarterly sales (in thousands) for Year 6 are 127, 75, 89, and 194 respectively. Assuming there is no trend, forecast sales for the four quarters of Year 6. Use seasonal indexes (rounded to 4 decimal places) from Part A. Report forecast answers asintegersaccurate to thenearest thousand. Quarter 1 forecast = thousand Quarter 2 forecast = thousand Quarter 3 forecast = thousand Quarter 4 forecast = thousand Calculate the mean absolute percent error (MAPE) for the four forecasts. Use the integer forecast values you reported above. Report MAPE as percent accurate to 2 decimal places. Do not round intermediate values. MAPE = %

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