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
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Chapter2: Introduction To Spreadsheet Modeling
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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
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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