10. Quarterly demand for Jaguar XJ8’s at a Tacloban Auto dealership is forecast with the equation, Y = 10 + 3x Where; X = time period (quarterly): Quarter 1 of 2021 = 0 Quarter 2 of 2021 = 1 Quarter 3 of 2021 = 2 Quarter 4 of 2021 = 3 and so on... The demand for the luxury car is seasonal, and the weights of quarter 1, 2, 3, and 4 are 80%, 100%, 130%, and 90% respectively. Using the trend projection, forecast the demand for each quarter of 2023 and 2024. Then adjust each forecast with the weighted indices.
10. Quarterly demand for Jaguar XJ8’s at a Tacloban Auto dealership is forecast with the equation, Y = 10 + 3x Where; X = time period (quarterly): Quarter 1 of 2021 = 0 Quarter 2 of 2021 = 1 Quarter 3 of 2021 = 2 Quarter 4 of 2021 = 3 and so on... The demand for the luxury car is seasonal, and the weights of quarter 1, 2, 3, and 4 are 80%, 100%, 130%, and 90% respectively. Using the trend projection, forecast the demand for each quarter of 2023 and 2024. Then adjust each forecast with the weighted indices.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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10. Quarterly demand for Jaguar XJ8’s at a Tacloban Auto dealership is
Y = 10 + 3x
Where;
X = time period (quarterly): Quarter 1 of 2021 = 0
Quarter 2 of 2021 = 1
Quarter 3 of 2021 = 2
Quarter 4 of 2021 = 3 and so on...
The demand for the luxury car is seasonal, and the weights of quarter 1, 2, 3, and 4 are 80%, 100%,
130%, and 90% respectively. Using the trend projection, forecast the demand for each quarter of
2023 and 2024. Then adjust each forecast with the weighted indices.
Transcribed Image Text:10. Quarterly demand for Jaguar XJ8's at a Tacloban Auto dealership is forecast with the equation,
Y = 10 + 3x
Where;
X= time period (quarterly):
Quarter 1 of 2021 = 0
Quarter 2 of 2021 = 1
Quarter 3 of 2021 = 2
Quarter 4 of 2021 = 3 and so on..
The demand for the luxury car is seasonal, and the weights of quarter 1, 2, 3, and 4 are 80%, 100%,
130%, and 90% respectively. Using the trend projection, forecast the demand for each quarter of
2023 and 2024. Then adjust each forecast with the weighted indices.
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