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Using seasonal relatives. Apple’s Citrus Fruit Farm ships boxed fruit anywhere in the world. Usingthe following information, a manager wants to forecast shipments for the first four months of nextyear.MonthSeasonalRelative MonthSeasonalRelativeJan. 1.2 Jul. 0.8Feb. 1.3 Aug. 0.6Mar. 1.3 Sep. 0.7Apr. 1.1 Oct. 1.0May. 0.8 Nov. 1.1Jun. 0.7 Dec. 1.4The monthly forecast equation being used is:Ft= 402 + 3twheret0 = January of last yearFt= Forecast of shipments for month t

Using seasonal relatives. Apple’s Citrus Fruit Farm ships boxed fruit anywhere in the world. Usingthe following information, a manager wants to forecast shipments for the first four months of nextyear.MonthSeasonalRelative MonthSeasonalRelativeJan. 1.2 Jul. 0.8Feb. 1.3 Aug. 0.6Mar. 1.3 Sep. 0.7Apr. 1.1 Oct. 1.0May. 0.8 Nov. 1.1Jun. 0.7 Dec. 1.4The monthly forecast equation being used is:Ft= 402 + 3twheret0 = January of last yearFt= Forecast of shipments for month t

Practical Management Science
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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Using seasonal relatives. Apple’s Citrus Fruit Farm ships boxed fruit anywhere in the world. Using
the following information, a manager wants to forecast shipments for the first four months of next
year.
Month
Seasonal
Relative Month
Seasonal
Relative
Jan. 1.2 Jul. 0.8
Feb. 1.3 Aug. 0.6
Mar. 1.3 Sep. 0.7
Apr. 1.1 Oct. 1.0
May. 0.8 Nov. 1.1
Jun. 0.7 Dec. 1.4
The monthly forecast equation being used is:
Ft
= 402 + 3t
where
t0 = January of last year
Ft
= Forecast of shipments for month t

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