Answered: Problem 3-28 (Algo) The following are… | bartleby

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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Problem 3-28 (Algo)
The following are historical demand data:
АCTUAL
DEMAND
206
135
373
YEAR
SEASON
2 years ago
Spring
Summer
Fall
Winter
583
last year
Spring
Summer
474
275
Fall
694
winter
952
Use regression analysis and seasonal indexes to forecast this summer's demand. (Do not round Intermedlate calculatlons. Round
your answer to the nearest whole number.)
Forecast for this summer's demand

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1. Which of the following is indicative of the season of heaviest demand when seasonality is measured on a quarterly basis? a. Seasonal index = .75 b. Seasonal index = 1.0 c. Seasonal index = 1.25 d. Seasonal index = 3.1 Answer: 2. The forecast calculated at the end of period t for period t+k is always the same for any value of k if the time series has systematic variability. A) True B) False
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