Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following table shows quarterly demand (in thousand units) for a product over 3 years. Year 1 Year 2 Year 3 Quarter 1 175 185

image text in transcribedimage text in transcribed
The following table shows quarterly demand (in thousand units) for a product over 3 years. Year 1 Year 2 Year 3 Quarter 1 175 185 199 Quarter 2 119 130 139 Quarter 3 149 147 138 Quarter 4 184 183 166 PART A Assuming there is no trend, calculate the seasonal index (S.I.) for each quarter. Report final answers accurate to 4 decimal places. Do not round intermediate calculations. S.I. for Quarter 1 = 186.3333 S.I. for Quarter 2 = 129.3333 S.I. for Quarter 3 = 144.6666 S.I. for Quarter 4 = 177.6666PART B Suppose projected total demand for the product above is 628,000 units in Year 5. Forecast demand for the four quarters of Year 5. Report final answers as integers accurate to the nearest thousand units. Quarter 1 forecast = 117 * thousand Quarter 2 forecast = 82 * thousand Quarter 3 forecast = 91 * thousand Quarter 4 forecast = 111 * thousand

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

Probability Theory A Concise Course

Authors: Y A Rozanov

1st Edition

0486321142, 9780486321141

More Books

Students also viewed these Mathematics questions

Question

Behaviour: What am I doing?

Answered: 1 week ago