The consulting agency begins collecting data on actual population demand utilization. The first year s data is: Period March 2020 April 2020 May 2020 June 2020 Demand 31,550 40,125 38,243 35,311 32,207 32,125 35,700 40,620 Period Demand September 41,482 2020 October 2020 38,348 November 34,722 2020 December 2020 January 2021 38,450 February 2021 33,330 36,190 July 2020 42,810 August 2020 44,230 What is the forecast demand for March 2021 considering trend and seasonality?
The consulting agency begins collecting data on actual population demand utilization. The first year s data is: Period March 2020 April 2020 May 2020 June 2020 Demand 31,550 40,125 38,243 35,311 32,207 32,125 35,700 40,620 Period Demand September 41,482 2020 October 2020 38,348 November 34,722 2020 December 2020 January 2021 38,450 February 2021 33,330 36,190 July 2020 42,810 August 2020 44,230 What is the forecast demand for March 2021 considering trend and seasonality?
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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