Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 1 In the Example of Determining Seasonal Index, data from the past 3 years, by month, are available, and seasonal indices are developed

QUESTION 11
In the Example of Determining Seasonal Index, data from the past 3 years, by month, are available, and seasonal indices are developed as follows:
DEMAND
MONTH
YEAR 1
YEAR 2
YEAR 3
AVERAGE PERIOD DEMAND
AVERAGE MONTHLY DEMAND
SEASONAL INDEX
Jan
80
85
105
90
94
.957(=90/94)
Feb
70
85
85
80
94
.851(=80/94)
Mar
80
93
82
85
94
.904(=85/94)
Apr
90
95
115
100
94
1.064(=100/94)
May
113
125
131
123
94
1.309(=123/94)
June
110
115
120
115
94
1.223(=115/94)
July
100
102
113
105
94
1.117(=105/94)
Aug
88
102
110
100
94
1.064(=100/94)
Sept
85
90
95
90
94
.957(=90/94)
Oct
77
78
85
80
94
.851(=80/94)
Nov
75
82
83
80
94
.851(=80/94)
Dec
82
78
80
80
94
.851(=80/94)
Total average annual demand =
1,128
If next years annual demand is 1,150(instead of 1,200), what will the March forecasts be?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Management

Authors: Robbins, DeCenzo, Coulter

7th Edition

132996855, 0-13-610982-9 , 9780132996853, 978-0-13-61098, 978-0136109822

More Books

Students also viewed these General Management questions

Question

What does the tape hum lucidum do ?

Answered: 1 week ago

Question

The persistence of vision for the human eye is....,....?

Answered: 1 week ago