The following equation is used to predict quarterly demand: Yt = 350 - 2.5 t, where...
The following equation is used to predict quarterly demand: Yt = 350 - 2.5 t, where t = 0 is the second quarter of last year. Quarterly indices are: Q1 = 1.4; Q2 = 0.8; Q3 = 1.1; and Q4 = 0.7. What is the forecast for the fourth quarter of this year? a. 335.0 b. None of the answers provided c. 201.0 d. 234.5 e. 268.0
Homework Answers
| Qtr | t | Forcast | Indices | Forcast Using indices | |
| 350-2.5t | |||||
| a | b | c=350-(2.5*b) | d | e=c*d) | |
| 1 | 3 | 342.5 | 1.4 | 479.5 | |
| 2 | 4 | 340 | 0.8 | 272 | |
| 3 | 5 | 337.5 | 1.1 | 371.25 | |
| 4 | 6 | 335 | 0.7 | 234.5 | |
| Correct Option: b | |||||
| Let me know your queries. Please rate. | |||||
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