Given the Following Data and Seasonal Index

question 12

Essay

Given the following data and seasonal index:
(a)Compute the seasonal index using only year 1 data.
(b)Determine the deseasonalized demand values using year 2 data and year 1's seasonal indices.
(c)Determine the trend line on year 2's deseasonalized data.
(d)Forecast the sales for the first 3 months of year 3, adjusting for seasonality.

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Definitions:

Predictors

Variables or factors that can be used to forecast or anticipate the outcomes or actions of an individual or system.

Criteria of Interest

The specific standards or metrics that are used to evaluate or judge something.

Self-Efficacy Syndrome

A belief in one's own ability to succeed in specific situations or accomplish a task, influencing one's approach to challenges and goals.

Turnover Costs

The expenses associated with the departure of an employee from an organization, including recruitment, training, and loss of productivity costs.