Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. ( Hint: There will be only one forecasted
Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. Hint: There will be only one forecasted number for Januarythis is the forecast done in December. For February, there will be two forecasts: one done in December and a second done in January. For June, there will be six forecasts, one done in each of the preceding six months. For each of the months March through June, determine the month forecast error rate, defined as minus the absolute percentage error. For example, the forecast error rate for March's sales is found by dividing the absolute value of the forecast error for this month by the actual sales volume for the month. The forecast error for any month eg March is defined as the difference between the actual sales volume for the month and the sales volume for that month forecasted months earlier eg December Also, indicate for each month whether the actual sales volume was above or below the forecasted volume generated three months earlier. Complete this question by entering your answers in the tabs below. Required Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. Hint: There will be only one forecasted number for Januarythis is the forecast done in December. For February, there will be two forecasts: one done in December and a second done in January. For June, there will be six forecasts, one done in each of the preceding six months. current year, sales for June were reforecasted as units. Actual sales for the sixmonth period, January through June, were as follows: January, units; February, units; March, units; April, units; May, units; June, units. Required: Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. Hint: There will be only one forecasted number for Januarythis is the forecast done in December. For February, there will be two forecasts: one done in December and a second done in January. For June, there will be six forecasts, one done in each of the preceding six months. For each of the months March through June, determine the month forecast error rate, defined as minus the absolute percentagYou are given the following budgeted and actual data for the Grey Company for each of the months January through June of the current year. In December of the prior year, sales were forecasted as follows: January, units; February, units; March, units; April, units; May, units; June, units. In January of the current year, sales for the months February through June were reforecasted as follows: February, units; March, units; April, units; May, units; June, units. In February of the current year, sales for the months March through June were reforecasted as follows: March, units; April, units; May, units; June, units. In March of the current year, sales for the months April through June were reforecasted as follows: April, units; May, units; June, units. In April of the current year, sales for the months May and June were reforecasted as follows: May, units; June, units. In May of the current year, sales for June were reforecasted as units. Actual sales for the sixmonth period, January through June, were as follows: January, units; February, units; March, units; April, units; May, units; June, units. Required: Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. Hint: There will be only one forecasted number for Januarythis is the forecast done in December. For February, there will be two forecasts: one done in December and a second done in January. For June, there will be six forecasts, one done in each of the preceding six months. For each of the months March through June, determine the month forecast error rate, defined as minus the absolute percentage error. For example, the forecast error rate for March's sales is found by dividing the absolute value of the forecast error for this month by the actual sales volume for the month. The forecast error for any month eg March is defined as the difference between the actual sales volume for the month and the sales volume for that month forecasted months earlier eg December Also, indicate for each month whether the actual sales volume was above or below the forecasted volume generated three months earlier. Complete this question by entering your answers in the tabs below. Required Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive.
Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. Hint: There will be only
one forecasted number for Januarythis is the forecast done in December. For February, there will be two forecasts: one done in
December and a second done in January. For June, there will be six forecasts, one done in each of the preceding six months.
For each of the months March through June, determine the month forecast error rate, defined as minus the absolute percentage
error. For example, the forecast error rate for March's sales is found by dividing the absolute value of the forecast error for this month
by the actual sales volume for the month. The forecast error for any month eg March is defined as the difference between the actual
sales volume for the month and the sales volume for that month forecasted months earlier eg December Also, indicate for each
month whether the actual sales volume was above or below the forecasted volume generated three months earlier.
Complete this question by entering your answers in the tabs below.
Required
Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. Hint: There will be
only one forecasted number for Januarythis is the forecast done in December. For February, there will be two forecasts: one
done in December and a second done in January. For June, there will be six forecasts, one done in each of the preceding six
months. current year, sales for June were reforecasted as units.
Actual sales for the sixmonth period, January through June, were as follows: January, units; February, units; March, units;
April, units; May, units; June, units.
Required:
Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. Hint: There will be only
one forecasted number for Januarythis is the forecast done in December. For February, there will be two forecasts: one done in
December and a second done in January. For June, there will be six forecasts, one done in each of the preceding six months.
For each of the months March through June, determine the month forecast error rate, defined as minus the absolute percentagYou are given the following budgeted and actual data for the Grey Company for each of the months January through June of the
current year.
In December of the prior year, sales were forecasted as follows: January, units; February, units; March, units; April, units;
May, units; June, units. In January of the current year, sales for the months February through June were reforecasted as follows:
February, units; March, units; April, units; May, units; June, units. In February of the current year, sales for the months
March through June were reforecasted as follows: March, units; April, units; May, units; June, units. In March of the
current year, sales for the months April through June were reforecasted as follows: April, units; May, units; June, units. In
April of the current year, sales for the months May and June were reforecasted as follows: May, units; June, units. In May of the
current year, sales for June were reforecasted as units.
Actual sales for the sixmonth period, January through June, were as follows: January, units; February, units; March, units;
April, units; May, units; June, units.
Required:
Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive. Hint: There will be only
one forecasted number for Januarythis is the forecast done in December. For February, there will be two forecasts: one done in
December and a second done in January. For June, there will be six forecasts, one done in each of the preceding six months.
For each of the months March through June, determine the month forecast error rate, defined as minus the absolute percentage
error. For example, the forecast error rate for March's sales is found by dividing the absolute value of the forecast error for this month
by the actual sales volume for the month. The forecast error for any month eg March is defined as the difference between the actual
sales volume for the month and the sales volume for that month forecasted months earlier eg December Also, indicate for each
month whether the actual sales volume was above or below the forecasted volume generated three months earlier.
Complete this question by entering your answers in the tabs below.
Required
Prepare a schedule of forecasted sales, on a rolling basis, for the months January through June, inclusive.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started