Answered: Quarter Year 1 Year 2 Year 3 Year 4 1…

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

The manager of a utility company in the Texas panhandle
wants to develop quarterly forecasts of power loads for the next
year. The power loads are seasonal, and the data on the quar-
terly loads in megawatts (MW) for the last 4 years are as follows:

The manager estimates the total demand for the next year at
600 MW. Use the multiplicative seasonal method to develop
the forecast for each quarter.

Quarter
Year 1
Year 2
Year 3
Year 4
1
103.5
94.7
118.6
109.3
126.1
116.0
141.2
131.6
144.5
137.1
159.0
149.5
4
166.1
152.5
178.2
169.0
2.
3.

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