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X PART A The following table shows quarterly sales (in thousand units) for a product over 4 years. The overall sales average for the entire
X PART A The following table shows quarterly sales (in thousand units) for a product over 4 years. The overall sales average for the entire 4 years is 111.625 (thousand units). Fill in the missing values assuming there is no trend. Round seasonal indexes to 4 decimal places. Report Averages accurate to at most 2 decimal places. Report Actual sales ('000) accurate to the nearest integer. Year Year Seasonal Year 1 Year 3 Average N Index Quarter 100 101 8 96.75 0.8667 Quarter 197 173 200 192 190.5 1.7066 N Quarter 83.00 0.7436 Quarter 76.25 0.6831 PART BPART B Suppose actual quarterly sales (in thousands) for Year 5 are 78, 202, 94, and 67 respectively. Assuming there is no trend, forecast sales for the four quarters of Year 5. Use seasonal indexes (rounded to 4 decimal places) from Part A. Report forecast answers as integers accurate to the nearest thousand. Quarter 1 forecast = 8 x thousand Quarter 2 forecast = 345 x thousand Quarter 3 forecast = thousand Quarter 4 forecast = x thousand Calculate the mean absolute percent error (MAPE) for the four forecasts. Use the integer forecast values you reported above. Report MAPE as percent accurate to 2 decimal places. Do not round intermediate values. MAPE = 35.33 X Question Help: Message instructor Submit
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