Highline Financial Services provides three categories of service to its clients. Managing partner Freddie Mack is getting ready to pre- pare financial and personnel hiring (or layoff) plans for the coming year. He is a bit perplexed by the following printout he obtained, which seems to show oscillating demand for the three categories of services over the past eight quarters: SERVICE Year Quarter A C 1 72 85 102 2 51 75 75 112 85 110 4 85 50 100 Examine the demand that this company has experienced for the three categories of service it offers over the preceding two years Assuming nothing changes in terms of advertising or promotion, and competition doesn't change, predict demand for the services SERVICE the company offers for the next four quarters. Note that there are not enough data to develop seasonal relatives. Nonetheless, you should be able to make reasonably good, approximate intuitive estimates of demand. What general observations can you make Year Quarter A B C 1 1 60 95 93 2 45 85 90 3 100 92 110 4 75 65 90 regarding demand? Should Freddie have any concerns? Explain.
Highline Financial Services provides three categories of service to its clients. Managing partner Freddie Mack is getting ready to pre- pare financial and personnel hiring (or layoff) plans for the coming year. He is a bit perplexed by the following printout he obtained, which seems to show oscillating demand for the three categories of services over the past eight quarters: SERVICE Year Quarter A C 1 72 85 102 2 51 75 75 112 85 110 4 85 50 100 Examine the demand that this company has experienced for the three categories of service it offers over the preceding two years Assuming nothing changes in terms of advertising or promotion, and competition doesn't change, predict demand for the services SERVICE the company offers for the next four quarters. Note that there are not enough data to develop seasonal relatives. Nonetheless, you should be able to make reasonably good, approximate intuitive estimates of demand. What general observations can you make Year Quarter A B C 1 1 60 95 93 2 45 85 90 3 100 92 110 4 75 65 90 regarding demand? Should Freddie have any concerns? Explain.
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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Question
Highline Financial Services provides three categories of service to
its clients. Managing partner Freddie Mack is getting ready to prepare
financial and personnel hiring (or layoff) plans for the coming
year. He is a bit perplexed by the following printout he obtained,
which seems to show oscillating demand for the three categories
of services over the past eight quarters:
Examine the demand that this company has experienced for the
three categories of service it offers over the preceding two years.
Assuming nothing changes in terms of advertising or promotion,
and competition doesn’t change, predict demand for the services
the company offers for the next four quarters. Note that there are
not enough data to develop seasonal relatives. Nonetheless, you
should be able to make reasonably good, approximate intuitive
estimates of demand. What general observations can you make
regarding demand? Should Freddie have any concerns? Explain.
Transcribed Image Text:Highline Financial Services provides three categories of service to
its clients. Managing partner Freddie Mack is getting ready to pre-
pare financial and personnel hiring (or layoff) plans for the coming
year. He is a bit perplexed by the following printout he obtained,
which seems to show oscillating demand for the three categories
of services over the past eight quarters:
SERVICE
Year
Quarter
A
C
1
72
85
102
2
51
75
75
112
85
110
4
85
50
100
Examine the demand that this company has experienced for the
three categories of service it offers over the preceding two years
Assuming nothing changes in terms of advertising or promotion,
and competition doesn't change, predict demand for the services
SERVICE
the company offers for the next four quarters. Note that there are
not enough data to develop seasonal relatives. Nonetheless, you
should be able to make reasonably good, approximate intuitive
estimates of demand. What general observations can you make
Year
Quarter
A
B
C
1
1
60
95
93
2
45
85
90
3
100
92
110
4
75
65
90
regarding demand? Should Freddie have any concerns? Explain.
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