Echlin Inc. is an after-market supplier of automotive spare parts. 0 A part is usually made specifically
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Consider a specific part. Echlin makes brake callipers for a particular model of a car, first introduced in 1986. Suppose it is now the end of 1992, and using steps a to e above Echlin has forecasted its own sales of this calliper for 1993.
Echlin also has quarterly sales of these calipers for the past three years.
a. Use the 1990-92 quarterly data above to determine the quarterly seasonal relatives.
b. Use your answer to part a and 1993 forecast sales (6,334 units) to forecast quarterly sales for 1993.
c. Deseasonalize the data, fit an appropriate model to the deseasonalized data, project it four quarters ahead, and reseasonalize the projections to forecast quarterly demand in 1993. Contrast your results with part (b).
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Related Book For
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
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