The table below shows the quarterly sales of television set (in thousands) in an electrical appliance shop in years 2017-2019. Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 2017 4.8 4.1 6.0 6.5 2018 5.8 5.2 6.8 7.4 2019 5.6 7.5 7.8 (a) Describe the trend and seasonal variation of the sales of television set by referring to the following time series plot. (In a short paragraph of around 30 words.) Sales of Television Set (1000s) 7 6 5 4 2 1 7 10 11 12 Time: (2017 Quarter 1 to 2019 Quarter 4) (b) Calculate the seasonal variation for Quarter 1, Quarter 2, Quarter 3, and Quarter 4 respectively by using the calculated 4-quarter moving average as below. Year Quarter Sales Centered Moving (1000) Average (1000) 2017 3 5.475 2017 4 6.5 5.7375 2018 1 5.8 5.975 2018 2 5.2 6.1875 2018 3 6.8 6.325 2018 4 7.4 6.4 2019 1 6.5375

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...
icon
Related questions
Question
The table below shows the quarterly sales of television set (in thousands) in an electrical appliance shop in
years 2017-2019.
Year
Quarter 1
Quarter 2
Quarter 3
Quarter 4
2017
4.8
4.1
6.0
6.5
2018
5.8
5.2
6.8
7.4
2019
6.
5.6
7,5
7.8
(a) Describe the trend and seasonal variation of the sales of television set
by referring to the following time
series plot. (In a short paragraph of around 30 words.)
Sales of Television Set (1000s)
2
3
5
8
9
10
11
12
Time: (2017 Quarter 1 to 2019 Quarter 4)
(b) Calculate the seasonal variation for Quarter 1, Quarter 2, Quarter 3, and Quarter 4 respectively by using
the calculated 4-quarter moving average as below.
Year
Quarter
Sales
Centered Moving
(1000)
Average (1000)
2017
5.475
2017
4
6.5
5.7375
2018
1
5.8
5.975
2018
2
5.2
6.1875
2018
3
6.8
6.325
2018
7.4
6.4
2019
1
6
6.5375
2019
2
5.6
6.675
TTTT"
Transcribed Image Text:The table below shows the quarterly sales of television set (in thousands) in an electrical appliance shop in years 2017-2019. Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 2017 4.8 4.1 6.0 6.5 2018 5.8 5.2 6.8 7.4 2019 6. 5.6 7,5 7.8 (a) Describe the trend and seasonal variation of the sales of television set by referring to the following time series plot. (In a short paragraph of around 30 words.) Sales of Television Set (1000s) 2 3 5 8 9 10 11 12 Time: (2017 Quarter 1 to 2019 Quarter 4) (b) Calculate the seasonal variation for Quarter 1, Quarter 2, Quarter 3, and Quarter 4 respectively by using the calculated 4-quarter moving average as below. Year Quarter Sales Centered Moving (1000) Average (1000) 2017 5.475 2017 4 6.5 5.7375 2018 1 5.8 5.975 2018 2 5.2 6.1875 2018 3 6.8 6.325 2018 7.4 6.4 2019 1 6 6.5375 2019 2 5.6 6.675 TTTT"
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.