Question: A manager of a store that sells and installs spas
A manager of a store that sells and installs spas wants to prepare a forecast for January, February, and March of next year. Her forecasts are a combination of trend and seasonality. She uses the following equation to estimate the trend component of monthly demand: Ft = 70 + 5t, where t = 0 in June of last year. Seasonal relatives are 1.10 for January, 1.02 for February, and .95 for March. What demands should she predict?
Answer to relevant QuestionsThe following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Using the information given, prepare a forecast of sales for each quarter of ...A pharmacist has been monitoring sales of a certain over- the- counter pain reliever. Daily sales during the last 15 days werea. Which method would you suggest using to predict future sales—a linear trend equation or ...The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. Experimenting with prices produced the following data:a. Plot the data and a regression line on the same graph. b. Determine ...A manager uses this equation to predict demand for landscaping services: Ft = 10 + 5t. Over the past eight periods, demand has been as follows:.:.Is the forecast performing adequately? Explain. What is CAD? Describe some of the ways a product designer can use it.
Post your question