Clothes for U Is a Large Merchandiser of Apparel for Budget-Minded

question 13

Essay

Clothes for U is a large merchandiser of apparel for budget-minded families.Management recently became concerned about the amount of inventory carrying costs and transportation costs between warehouses and retail outlets.As a starting point in further analyses,Gregory Gonzales,the controller,wants to test different forecasting methods and then use the best one to forecast quarterly expenses for 2010.The relevant data for the previous three years follows:
The results of a simple regression analysis using all 12 data points yielded an intercept of $11,854.55 and a coefficient for the independent variable of $126.22 (R-squared = .19,t = 1.5,SE = 974).
Required:
(1)Calculate the quarterly forecasts for 2010 using the high-low method and regression analysis.Recommend which method Gregory should use and explain why.
(2)How does your analysis in requirement 1 change if Clothes for U is involved in global sourcing of products for its stores?
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Definitions:

Music Festivals

Public events featuring live music performances by various artists, often focusing on a specific genre and offering other attractions like food and merchandise.

Ultimate Consumer

The end-user of a product or service who does not plan to sell the item further and purchases for personal use.

Personal Items

Objects designed for personal use, often carried on a person, including items like accessories, personal electronics, and toiletries.

Consumer Products

Goods that are purchased by individuals for personal or household use, as opposed to products bought for business or industrial purposes.