Question
The Accuweather Corporation manufactures barometers and thermometers for weather forecasters. In an attempt to forecast its future needs for mercury, Accuweather's chief economist estimated average
The Accuweather Corporation manufactures barometers and thermometers for weather forecasters. In an attempt to forecast its future needs for mercury, Accuweather's chief economist estimated average monthly mercury needs as: N = 500 + 10X
where N = monthly mercury needs (units) and X = time period in months (January 2008= 0). The following monthly seasonal adjustment factors have been estimated using data from the past five years: | |||||||||||||||||||||||||||||||||||||||||||||||||
(a) Forecast Accuweather's mercury needs for January, April, July, September, and December of 2010. Fill the seasonal-adjusted forecasts in the blanks below by rounding to the nearest integers.
(b) The following actual and forecast values of mercury needs in the month of November have been recorded:
|
What seasonal adjustment factor should the firm use for November? (round to the second digit after the decimal)
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