Suppose the following actual and forecast values for June bed demands have been recorded. Year Forecast Actual 2007 1,045 1,139 2006 937 974 2005 829 895 2004 743 2003 656 2002 1.3% What seasonal adjustment factor would you recommend be used in making future June forecasts? 2.1% 721 613 505 5.5% 515
Suppose the following actual and forecast values for June bed demands have been recorded. Year Forecast Actual 2007 1,045 1,139 2006 937 974 2005 829 895 2004 743 2003 656 2002 1.3% What seasonal adjustment factor would you recommend be used in making future June forecasts? 2.1% 721 613 505 5.5% 515
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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Transcribed Image Text:January
April
July
November
December
Suppose the following actual and forecast values for June bed demands have been recorded.
2003
Year Forecast Actual
2007
1,045
1,139
2006
937
974
2005
829
895
2004
721
743
613
505
2002
+5
-15
1.3%
+4
-5
-25
2.1%
What seasonal adjustment factor would you recommend be used in making future June forecasts?
5.5%
656
515
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