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PART A The following table shows quarterly sales (in thousand units) for a product over 4 years. The overall sales average for the entire 4
PART A The following table shows quarterly sales (in thousand units) for a product over 4 years. The overall sales average for the entire 4 years is 123.5625 (thousand units). Fill in the missing values assuming there is no trend. Round seasonal indexes to 4 decimal places. Report Averages accurate to at most 2 decimal places. Report Actual sales ('000) accurate to the nearest integer. ---- 167 PART B Suppose actual quarterly sales (in thousands) for Year 5 are 163, 83, 81, and 176 respectively. Assuming there is no trend, forecast sales for the four quarters of Year 5. Use seasonal indexes (rounded to 4 decimal places) from Part A. Report forecast answers as integers accurate to the nearest thousand. Quarter 1 forecast = C] thousand Quarter 2 forecast = C] thousand Quarter 3 forecast = C] thousand Quarter 4 forecast = C] 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 =C]%
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