THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 111

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The data values in the table below show quarterly sales of a corporation over a period of six years.

-For each of the following,indicate which time series is represented.Explain your reasoning.
1)The dean of the Woodbury School of Business at Utah valley university finds Friday is the most popular day of the week for professors' absence.
2)Political advertising in the United States peaks every 4 years.
3)Sales of a cholesterol medication decline after the product receives negative publicity in a medical journal article.

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Definitions:

Safety Inventory

A buffer of stock kept on hand to protect against variability in demand or supply, ensuring that a product remains available for customers despite uncertainties.

Low Demand

Refers to a situation where the market's desire for a product or service is lower than the supply.

Low Value Items

Products or materials that have a relatively low cost or worth compared to other items in an inventory or catalogue.

Total Cost

The complete expense incurred for producing, maintaining, and selling a product or service, including fixed and variable costs.