Block Commodities has gathered the following information concerning rock salt deliveries to its clients, which it believes
Question:
Block Commodities has gathered the following information concerning rock salt deliveries to its clients, which it believes are highly seasonal:
a. Suppose Block Commodities calculated a set of seasonal relatives to express this monthly variation in rock salt deliveries, using this set of data. What would be the value of the seasonal relative for the month of July? What would be the value of the seasonal relative for the month of December?
b. Block Commodities believes that this year will be a busy year for rock salt deliveries, forecasting a total of 1,200 tons to be delivered during the year. Using this annual forecast and Block's set of seasonal relatives, what would be a logical forecast for May of next year? What would be a logical forecast for October of next year?
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