15. The sales of a company rose from 40,000 in March to 48,000 in April 2002. The company's seasonal indices for these two months are 105 and 140 respectively. The owner of the company expressed dissatisfaction with the April sales, but the Sales Manager said that he was quite pleased with the* the Sales Manager? The Sales Manager also predicted on the basis of the April sales that the total 2002 sales were going to be 8,000 increase. What argument should the owner of the company have used to reply to 5,76,000. Criticise the Sales Manager's estimate and explain how the estimate of 4,11,000 may be arrived at,

MATLAB: An Introduction with Applications
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15. The sales of a company rose from
40,000 in March to
48,000 in April 2002.
The company
's seasonal indices for these two months are 105 and 140 respectively. The owner of the
company expressed dissatisfaction with the April sales, but the Sales Manager said that he was quite
pleased with the*
the Sales Manager?
The Sales Manager also predicted on the basis of the April sales that the total 2002 sales were going to
8,000 increase. What argument should the owner of the company have used to reply to
be
5,76,000. Criticise the Sales Manager's estimate and explain how the estimate of
4,11,000 may
be arrived at.
Transcribed Image Text:15. The sales of a company rose from 40,000 in March to 48,000 in April 2002. The company 's seasonal indices for these two months are 105 and 140 respectively. The owner of the company expressed dissatisfaction with the April sales, but the Sales Manager said that he was quite pleased with the* the Sales Manager? The Sales Manager also predicted on the basis of the April sales that the total 2002 sales were going to 8,000 increase. What argument should the owner of the company have used to reply to be 5,76,000. Criticise the Sales Manager's estimate and explain how the estimate of 4,11,000 may be arrived at.
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