Question

A manager of a store that sells and installs spas wants to prepare a forecast for...

A manager of a store that sells and installs spas wants to prepare a forecast for January, February, and March of next year. Her forecasts are a combination of trend and seasonality. She uses the following equation to estimate the trend component of monthly demand: Ft = 80 + 3t, where t = 0 in June of last year. Seasonal relatives are .87 for January, 1.05 for February, and 1.05 for March. What demands should she predict? (Round your answers to 2 decimal places.)

Month Forecast
January of the next year
February of the next year
March of the next year
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The company’s sales manager prepared the following sales forecast for the first half of the year....
The company’s sales manager prepared the following sales forecast for the first half of the year. January $235,000 February 198,000 March 211,000 April 285,000 May 300,000 June 305,000 Historically, the cash collection of sales has been as follows: 47% of sales collected in the month of sale 50% of sales collected in the month following the sale 3% of sales collected in the second month following the sale All sales are on account Prepare the schedule of the cash collection...
The following data represents the monthly electrical expense for an office space over the past three...
The following data represents the monthly electrical expense for an office space over the past three years. You are considering opening a new business in this office space and are preparing an expected budget for your business plan. Month Year 1 Year 2 Year 3 January 170 180 195 February 180 205 210 March 205 215 230 April 230 245 280 May 240 265 290 June 315 330 390 July 360 400 420 August 290 335 330 September 240 260...
The Carlson Department store suffered heavy damage when a hurricane struck on August 31. The store...
The Carlson Department store suffered heavy damage when a hurricane struck on August 31. The store was closed for four months (September through December), and Carlson is now involved in a dispute with its insurance company about the amount of lost sales during the time the store was closed. Two key issues must be resolved (1) The Amount of sales Carlson would have made if the hurricane had not struck and (2) whether Carlson is entitled to any compensation for...
Aggregate Planning A key hospital supplier, IVs Plus (IVP) located in Salina, KS sells IV tubing...
Aggregate Planning A key hospital supplier, IVs Plus (IVP) located in Salina, KS sells IV tubing and stands to hospitals and clinics. Sales have picked up ever since they introduced their newest “Squeaky Clean” IV stand, which eliminates all oils and germs left behind by users. Though IVP sells these stands all year long, they sell the most during the summer months, when end-of-fiscal year purchases are at a peak. The demand over the next 12 months is shown in...
Cornwell Glass produces replacement automobile glass for all makes of cars. Cornwell has a sophisticated forecasting...
Cornwell Glass produces replacement automobile glass for all makes of cars. Cornwell has a sophisticated forecasting system that uses data from past years to find seasonal factors and long-term trends. The system uses data from past weeks to find recent trends. The following table presents the forecasted demands for the coming year on a weekly basis. Week Demand Week Demand April 15 1,829 November 4 1,864 22 1,820 11 1,989 29 1,887 18 2,098 May 6 1,958 25 2,244 13...
Mr. Alex is the head of operations at TractParts Pvt. Ltd., a well known Indian manufacturer...
Mr. Alex is the head of operations at TractParts Pvt. Ltd., a well known Indian manufacturer of pumps, engines, electric motors and transformers. The company is one of India’s earliest industrial groups established in the 1980 which has grown to be a big player in the Indian manufacturing industry. TractParts under the supervision of Mr. Alex has been supplying modern tractor engines to the leading tractor manufacturing firms like Sonalika and John Dear. The bulk of demand for tractors comes...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how the firms resources incompetencies support the given pressures regarding costs and local responsiveness. Describe entry modes have they usually used, and whether they are appropriate for the given strategy. Any key issues in their global strategy? casestudy: Atlanta, June 17, 2014. Sea of Delta employees and their families swarmed between food trucks, amusement park booths, and entertainment venues that were scattered throughout what would...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT