Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+5X where N is the monthly demand for bags of potting soil and X is the time period in months (March 2016 = 0). 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 actual sales data from the past five years: Complete the following table by forecasting Bell Greenhouses' demand for potting soil in March, June, August, and December 2017. Month Adjustment Factor (%) Forecast March June August December +2 +15 The following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years. +10 -12 Year Forecast Actual 2017 465 498 2016 405 417 2015 345 373 2014 285 296 2013 225 245 O 2.7% O 6.2% What seasonal adjustment factor would you recommend be used to forecast in April 2018? O 0.0%

Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+5X where N is the monthly demand for bags of potting soil and X is the time period in months (March 2016 = 0). 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 actual sales data from the past five years: Complete the following table by forecasting Bell Greenhouses' demand for potting soil in March, June, August, and December 2017. Month Adjustment Factor (%) Forecast March June August December +2 +15 The following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years. +10 -12 Year Forecast Actual 2017 465 498 2016 405 417 2015 345 373 2014 285 296 2013 225 245 O 2.7% O 6.2% What seasonal adjustment factor would you recommend be used to forecast in April 2018? O 0.0%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Bell Greenhouses has estimated its monthly demand for potting soil to be the following:
N = 400+5X
where N is the monthly demand for bags of potting soil and X is the time period in months (March 2016 = 0).
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 actual sales data from the past five years:
Complete the following table by forecasting Bell Greenhouses' demand for potting soil in March, June, August, and December 2017.
Adjustment Factor (%) Forecast
Month
March
June
August
December
+2
+15
+10
-12
The following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years.
Year Forecast Actual
2017
465
498
2016
405
417
2015
345
373
2014
285
296
2013
225
245
What seasonal adjustment factor would you recommend be used to forecast in April 2018?
O 2.7%
O 6.2%
O 0.0%

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