Winter’s method is being used to forecast quarterlyU.S. retail sales (in billions of dollars). At the end of the firstquarter, Lt 300, Tt 30, and the seasonal indexes are asfollows: quarter 1, 0.90; quarter 2, 0.95; quarter 3, 0.95;quarter 4, 1.20. During the second quarter, retail sales are$360 billion. Assume a 0.2, b 0.4, and g 0.5.a At the end of the second quarter, develop a forecastfor retail sales during the fourth quarter of the year.b At the end of the second quarter, develop a forecastfor the second quarter of the following year.
Winter’s method is being used to forecast quarterlyU.S. retail sales (in billions of dollars). At the end of the firstquarter, Lt 300, Tt 30, and the seasonal indexes are asfollows: quarter 1, 0.90; quarter 2, 0.95; quarter 3, 0.95;quarter 4, 1.20. During the second quarter, retail sales are$360 billion. Assume a 0.2, b 0.4, and g 0.5.a At the end of the second quarter, develop a forecastfor retail sales during the fourth quarter of the year.b At the end of the second quarter, develop a forecastfor the second quarter of the following year.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Winter’s method is being used to
U.S. retail sales (in billions of dollars). At the end of the firstquarter, Lt 300, Tt 30, and the seasonal indexes are as
follows: quarter 1, 0.90; quarter 2, 0.95; quarter 3, 0.95;
quarter 4, 1.20. During the second quarter, retail sales are
$360 billion. Assume a 0.2, b 0.4, and g 0.5.
a At the end of the second quarter, develop a forecast
for retail sales during the fourth quarter of the year.
b At the end of the second quarter, develop a forecast
for the second quarter of the following year.
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