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A coffee shop owner wants to estimate demand for the next four quarters for hot chocolate. Sales data consist of trend and seasonality. Quarter relatives are 1.20 for the first quarter, 1.15 for the second quarter, 0.77 for the third quarter, and 0.88 for the fourth quarter. Using the appropriate values of quarter relatives and the equation Ft = 179 + 8.4t for the trend component, estimate demand for periods 9-12. (Round all calculations to two decimal points.) Demand Period 9 Demand Period 10 Demand Period 11 Demand Period 12

A coffee shop owner wants to estimate demand for the next four quarters for hot chocolate. Sales data consist of trend and seasonality. Quarter relatives are 1.20 for the first quarter, 1.15 for the second quarter, 0.77 for the third quarter, and 0.88 for the fourth quarter. Using the appropriate values of quarter relatives and the equation Ft = 179 + 8.4t for the trend component, estimate demand for periods 9-12. (Round all calculations to two decimal points.) Demand Period 9 Demand Period 10 Demand Period 11 Demand Period 12

Practical Management Science
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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A coffee shop owner wants to estimate demand for the next four quarters for hot chocolate. Sales data consist of trend and seasonality. Quarter relatives are 1.20 for the first quarter, 1.15 for the second quarter, 0.77 for the third quarter, and 0.88 for the fourth quarter. Using the appropriate values of quarter relatives and the equation Ft = 179 + 8.4t for the trend component, estimate demand for periods 9-12. (Round all calculations to two decimal points.) Demand Period 9 Demand Period 10 Demand Period 11 Demand Period 12
Transcribed Image Text:A coffee shop owner wants to estimate demand for the next four quarters for hot chocolate. Sales data consist of trend and seasonality. Quarter relatives are 1.20 for the first quarter, 1.15 for the second quarter, 0.77 for the third quarter, and 0.88 for the fourth quarter. Using the appropriate values of quarter relatives and the equation Ft = 179 + 8.4t for the trend component, estimate demand for periods 9-12. (Round all calculations to two decimal points.) Demand Period 9 Demand Period 10 Demand Period 11 Demand Period 12
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