Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the mean sales of 4 quaters ---- seasonal index=quaterly average/mean sales of all quaters Assume that estimated sales for the first two quarters of Year

the mean sales of 4 quaters ---- seasonal index=quaterly average/mean sales of all quaters image text in transcribed

Assume that estimated sales for the first two quarters of Year 2020 (thousand) are as follow; Year 2020, Q1 = 178 Year 2020, Q2 = 205 1. Calculate seasonally adjusted sales data for all quarters. (3 %) 2. Calculate MAPE for each year. (2%) 3. Forecast sales for each quarter (10 %) by using: 3.1 Naive Approach 3.2 Three-period Moving Averages REMARK: Show detail calculation with formula to earn full grade. Assume that estimated sales for the first two quarters of Year 2020 (thousand) are as follow; Year 2020, Q1 = 178 Year 2020, Q2 = 205 1. Calculate seasonally adjusted sales data for all quarters. (3 %) 2. Calculate MAPE for each year. (2%) 3. Forecast sales for each quarter (10 %) by using: 3.1 Naive Approach 3.2 Three-period Moving Averages REMARK: Show detail calculation with formula to earn full grade

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions