Using the data in problem 8.9, if the forecast for next year is 800, calculate the forecast
Question:
Using the data in problem 8.9, if the forecast for next year is 800, calculate the forecast for first quarterly demand next year.
In Problem 8.9
If the average demand for the first quarter was 140 and the average demand for all quarters was 175, what is the seasonal index for the first quarter?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
Average quarter...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction To Materials Management
ISBN: 978-9386873248
8th edition
Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen
Question Posted:
Students also viewed these Earth sciences questions
-
The average demand for January has been 80, and the average annual demand has been 1800. Calculate the seasonal index for January. If the company forecasts annual demand next year at 2000 units, what...
-
Complete the following input/output report. What are the planned and actual backlogs at the end of period? 3 Total 4 Period Planned Input 39 38 35 36 Actual Input 33 33 40 31 Cumulative Variance...
-
Given the following forecast and actual demand, calculate the mean absolute deviation. Actual Demand Period Forecast Absolute Deviation 1 110 85 110 105 3 110 120 110 100 5 110 90 Total
-
Compare two versions of the two-period depletable resource model that differ only in the treatment of marginal extraction cost. Assume that in the second version the constant marginal extraction cost...
-
Calculate the amount of steric strain in each of the chair conformers of 1,1,3-trimethylcyclohexane. Which conformer would predominate at equilibrium?
-
Let R be a ring without identity and with no zero divisors. Let S be the ring whose additive group is R X Z as in the proof of Theorem 1.10. Let A= {(r,n) S|rx+nx = O for every x R}. (a) A is an...
-
Nationwide Insurance developed a program to recruit new insurance agents by offering planning, training, and start-up financing to build self-sustaining agencies. These new agents would be...
-
William Corporations income statement for the year ended December 31, 2014, and its comparative balance sheets as of December 31, 2014 and 2013, follow. During 2014, William engaged in these...
-
Alberto plans to apply for a car loan. When should he check his credit report? Group of answer choices 1 month before applying for the loan Around 3 to 6 months before applying for the loan 1 week...
-
To increase its market share, Sole Brother Inc. decided to borrow $5000 from its banker for the purchase of newspaper advertising for its shoe retail line. The loan is to be paid in four equal annual...
-
If the average demand for the first quarter was 140 and the average demand for all quarters was 175, what is the seasonal index for the first quarter?
-
If the actual demand for April was 1440 units and the seasonal index was 2.5, what would be the deseasonalized April demand?
-
To observe the characteristic K lines of the X-ray spectrum, One of the n = 1 electrons must be ejected from the atom. This is generally accomplished by bombarding the target material with electrons...
-
Samantha has graduated from law school and decided to open her own professional practice. In the current year (2022), her net profit was $30,000. If Samantha's self-employment tax is $4,500 and the...
-
You have an Azurement that contains 10 virtual networks and 100 virtual machines. You nee to limit the amount of inbound traffic to all the Azure virtual networks. What should you create? akshi.go...
-
Please define representative democracy: A form of government in which a small percentage of the population is represented by popular election, and the rest of the population is represented by those...
-
Select the correct answer option: Which is the definition of a hazard? The possible severity of injury. Something to avoid contact with. Anything with the potential for harm. A worker working...
-
Maps siness Plan Saved What type of business plan would be developed to answer the question, "What would we do if this unexpected event or situation happens"?
-
Craig Inc. just finished its third month of operations. Craig mass-produces carburetors used in motorcycle engines. The following production information is provided for December: Units in process,...
-
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
-
How do you distinguish between weather and climate? What are the two most important climate factors?
-
Distinguish between tornadoes and tropical cyclones.
-
What are tectonic plates and plate boundaries?
-
For her dissertation, Catherine wanted to study the role of women in management positions in organisations. In particular, she was interested in difficulties women experience in management positions....
-
Hattersley Electrics is a division of the Hattersley Group PLC, a United Kingdom based manufacturing conglomerate whose main markets were, until recently, the high tech aerospace and the defence...
-
The Town Manager has asked you to organize a Local Emergency Action Planning Committee (LEAPC), Who do we Invite? Lets open the discussion up to who we might what to invite and why?
Study smarter with the SolutionInn App