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
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...
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