The attached case shows sales data for the Carlson Department Store. There was a storm that caused the lost sales for four months. Looking at the data (without actually making the forecasts), explain how you proceed to answer the points required in the Managerial Report. Can you make a case for excess storm-related sales? Provide a rationale Limit you answer to 2 typewritten pages, double spaced. The case is worth 30 points. (That is like an extra 10 point on each exam.) You have until Tuesday, November 21st to hand it to me Forecasting Lost Sales The Carlson Department Store suffered heavy damage when a hurricane struck on August 31The store was closed for four months (September through December), and Carlson is now involved in a dispute with its insurance company about the amount of lost sales during the time the store was closed. Two key issues must be resolved: (1) the amount of sales Carlson would have made if the hurricane had not struck and (2) whether Carlson is entitled to any compensation for excess sales due to increased business activity after the storm. More than $8 billion in federal disaster relief and insurance money came into the county, resulting in increased sales at department stores and numerous other businesses. Table 6.18 gives Carlson's sales data for the 48 months preceding the storm. Table 6.19 reports total sales for the 48 months preceding the storm for all department stores in the county, as well as the total sales in the county for the four months the Carlson Depart- ment Store was closed. Carlson's managers asked you to analyze these data and develop TABLE 6.18 SALES FOR CARLSON DEPARTMENT STORE (S MILLIONS) Month January Year 1 Year 4 Year 5 Year 3 2.31 1.89 2.02 Year 2 1.45 1.80 2.03 1.99 2.32 2.20 2.13 2.43 1.90 2.31 1.99 2.42 2.45 2.28 2.69 2.48 2.73 2.37 2.31 2.23 May 2.14 July August 2.42 2.40 2.50 2.21 1.89 2.29 1.90 2.74 4.20 2.97 2.56 4.16 4.04 The attached case shows sales data for the Carlson Department Store. There was a storm that caused the lost sales for four months. Looking at the data (without actually making the forecasts), explain how you proceed to answer the points required in the Managerial Report. Can you make a case for excess storm-related sales? Provide a rationale Limit you answer to 2 typewritten pages, double spaced. The case is worth 30 points. (That is like an extra 10 point on each exam.) You have until Tuesday, November 21st to hand it to me Forecasting Lost Sales The Carlson Department Store suffered heavy damage when a hurricane struck on August 31The store was closed for four months (September through December), and Carlson is now involved in a dispute with its insurance company about the amount of lost sales during the time the store was closed. Two key issues must be resolved: (1) the amount of sales Carlson would have made if the hurricane had not struck and (2) whether Carlson is entitled to any compensation for excess sales due to increased business activity after the storm. More than $8 billion in federal disaster relief and insurance money came into the county, resulting in increased sales at department stores and numerous other businesses. Table 6.18 gives Carlson's sales data for the 48 months preceding the storm. Table 6.19 reports total sales for the 48 months preceding the storm for all department stores in the county, as well as the total sales in the county for the four months the Carlson Depart- ment Store was closed. Carlson's managers asked you to analyze these data and develop TABLE 6.18 SALES FOR CARLSON DEPARTMENT STORE (S MILLIONS) Month January Year 1 Year 4 Year 5 Year 3 2.31 1.89 2.02 Year 2 1.45 1.80 2.03 1.99 2.32 2.20 2.13 2.43 1.90 2.31 1.99 2.42 2.45 2.28 2.69 2.48 2.73 2.37 2.31 2.23 May 2.14 July August 2.42 2.40 2.50 2.21 1.89 2.29 1.90 2.74 4.20 2.97 2.56 4.16 4.04