Answer: Option D:0.957
Average for demand for year 2 =(391+212+518+352)/4=368.25
Seasonal index for summer =352/368.35=0.956
Demand for C&A Resort has a seasonal pattern. Total demand next year is expected to be...
The following are historical demand data: YEAR SEASON ACTUAL DEMAND 2 years ago Spring 200 Summer 143 Fall 385 Winter 575 last year Spring 468 Summer 272 Fall 684 Winter 960 Use regression analysis on deseasonalized demand to forecast next summer’s demand. (Round your answer to the nearest whole number.) Forecast for next summer’s demand 236
Exercise 2.1 Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown below: Demand for fertilizer (in 1000's of bags) Using any software to develop a trend line for the demand for fertilizer. Exercise 3.1 In the past, Judy Holmes's tire dealership sold an average of 1000 radials each year: Year 1 200 Season Fall Winter Spring Summer 350 150 300 Year 2 250 300 165 285 Average Seasonal Index 225.0 225/250 =...
1. Exercise 5.1 The forecasting staff for the Prizer Corporation has developed a model to predict sales of its air-cushioned-ride snowmobiles. The model specifies that sales, S, vary jointly with disposable personal income, Y, and the population between ages 15 and 40,Z, and inversely with the price of the snowmobiles, P. Based on past data, the best estimate of this relationship is: where k has been estimated (from past data) to equal 100 If Y $13,000, Z- $1,200, and P...