Management of Remingtons Department Store has used time-series extrapolation to forecast retail sales for the next four

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Management of Remington’s Department Store has used time-series extrapolation to forecast retail sales for the next four quarters. The sales estimates are $130,000, $150,000, $170,000, and $190,000 for the respective quarters. Seasonal indices for the four quarters have been found to be 1.25, 0.95, 0.75, and 1.05, respectively. Compute the seasonalized sales forecast for each quarter.
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Managerial Decision Modeling With Spreadsheets

ISBN: 9780136115830

3rd Edition

Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair

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