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 quarterly loads in megawatts (MW) for the last four years are as follows: Quarter Year 1 Year 2 Year 3 Year 4 1 100.8 95.6 115.3 105.8 2 126.7 119.8 145.4 139.4 3 148.2 139.3 162.7 158.4 4 166.4 158.5 180.5 169.0 The manager estimates the total demand for the next year at 748 MW. Use the multiplicative seasonal method to develop the forecast for each quarter. (Round all intermediate calculations to three decimal places.) The first quarter forecast is =? MW. (Enter your response rounded to one decimal place.)
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 quarterly loads in megawatts (MW) for the last four years are as follows: Quarter Year 1 Year 2 Year 3 Year 4 1 100.8 95.6 115.3 105.8 2 126.7 119.8 145.4 139.4 3 148.2 139.3 162.7 158.4 4 166.4 158.5 180.5 169.0 The manager estimates the total demand for the next year at 748 MW. Use the multiplicative seasonal method to develop the forecast for each quarter. (Round all intermediate calculations to three decimal places.) The first quarter forecast is =? MW. (Enter your response rounded to one decimal place.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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 quarterly loads in megawatts (MW) for the last four years are as follows:
|
Quarter
|
Year 1
|
Year 2
|
Year 3
|
Year 4
|
|
1
|
100.8
|
95.6
|
115.3
|
105.8
|
|
2
|
126.7
|
119.8
|
145.4
|
139.4
|
|
3
|
148.2
|
139.3
|
162.7
|
158.4
|
|
4
|
166.4
|
158.5
|
180.5
|
169.0
|
The manager estimates the total demand for the next year at
748 MW. Use the multiplicative seasonal method to develop the forecast for each quarter. (Round all intermediate calculations to three decimal places.)
The first quarter forecast is =? MW. (Enter your response rounded to one decimal place.)
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