Answer the following questions using the information below:
Monetary Company has the following sales budget for the last six months of 2011:
Historically, the cash collection of sales has been as follows:
-Cash collections for October are:
Definitions:
Observable Trend
A pattern, change, or movement in data that can be detected and assessed through analysis over a certain period.
Seasonality
The phenomenon in sales or industry performance that recurs consistently in specific seasons of the year, affecting demand and supply dynamics.
Time-Series Forecasting Methods
Statistical techniques used to analyze and make predictions based on data points collected or indexed in time order.
Historical Demand
The record of past customer demand for a product or service, used to predict future demand patterns and guide inventory and production planning.
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