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Favors Distribution Company purchases small imported trinkets in bulk, packages     them, and sells them to retail stores. They are conducting an inventory control study of all their     items. The following data for the year 2006 are for one such item, which is not seasonal.                     Month Jan Feb Mar Apr May

Favors Distribution Company purchases small imported trinkets in bulk, packages     them, and sells them to retail stores. They are conducting an inventory control study of all their     items. The following data for the year 2006 are for one such item, which is not seasonal.                     Month Jan Feb Mar Apr May

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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Favors Distribution Company purchases small imported trinkets in bulk, packages

    them, and sells them to retail stores. They are conducting an inventory control study of all their

    items. The following data for the year 2006 are for one such item, which is not seasonal.

 

 

 

 

 

 

 

 

 

 

Month

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sales

15

18

14

12

19

10

11

15

 

  1. Use trend projection to estimate the relationship between time and sales (state the

trend line equation in this problem). Show the calculations of the intercept and the slope.

  1. Interpret the meaning of the intercept and the slope in this problem.
  2. Calculate forecasts for March 2007, May 2007, and June 2008

 

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