The fictitious Haskins & Collins Ice Cream Store needs an accurate estimate of demand. The owner of the store believes that the demand for ice cream has a quarterly seasonal pattern. To analyze the pattern, the owner gathered the following quarterly ice cream sales data in gallons for the past 4 years: Quarter Year 1 2 3 4 January - March 370 380 470 530 April - June 550 500 620 700 July - September 770 820 980 990 October - December 420 440 510 530 Given this information: a Compute the quarterly seasonal indices for ice cream sales using the simple average method. b Compute the quarterly seasonal indices for ice cream sales using the centered moving average method.
12 The fictitious Haskins & Collins Ice Cream Store needs
an accurate estimate of demand. The owner of the store
believes that the demand for ice cream has a quarterly
seasonal pattern. To analyze the pattern, the owner
gathered the following quarterly ice cream sales data in
gallons for the past 4 years:
Quarter Year
1 2 3 4
January - March 370 380 470 530
April - June 550 500 620 700
July - September 770 820 980 990
October - December 420 440 510 530
Given this information:
a Compute the quarterly seasonal indices for ice cream
sales using the simple average method.
b Compute the quarterly seasonal indices for ice cream
sales using the centered moving average method.
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