867584. Bell Greenhouses has estimated Its monthly demand for potting soil to bethe following:910 N=400+4X11 whereN=monthly demand for bags of potting soil X-time periods in months (March 2022-0)12 Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors,which have been estimated using actual13sales data from the past five years:1415Adjustment Factor16+217June+1.518August+1019December-1220 a. Forecast Bell Greenhouses' demand for potting soll In March, June, August, and December2023.2122 b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in fivedifferent years, determine the seasonal adjustment factor to be used in making an April 2023 forecast.RASA282324252627297.3 201920183031HAW33Year202220212020MonthMarchForecast500452404356308Actual515438420380320

N = 400+4X (estimated monthly equation given in the question) Forecasting demand for potting…

1. Bell Greenhouses has estimated Its monthly demand for potting soll to be the following: IN=400+4X wwhere N=monthly demand for bags of petting soil X-time periods in months (March 2022-01 Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors. wwhich have been estimated using actual sales data from the past five years: Month March June August December Adjustment Factor +2 +15 +10 -12 a. Forecast Bell Greenhouses' demand for potting soll in March, June, August, and December 2023. b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2023 forecast. Year 2022 2021 2020 2019 2018 Forecast 500 452 404 356 308 Actual 515 438 420 380 320

1. Bell Greenhouses has estimated Its monthly demand for potting soll to be the following: IN=400+4X wwhere N=monthly demand for bags of petting soil X-time periods in months (March 2022-01 Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors. wwhich have been estimated using actual sales data from the past five years: Month March June August December Adjustment Factor +2 +15 +10 -12 a. Forecast Bell Greenhouses' demand for potting soll in March, June, August, and December 2023. b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2023 forecast. Year 2022 2021 2020 2019 2018 Forecast 500 452 404 356 308 Actual 515 438 420 380 320

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Problem 12
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