Question: 1. A gardener wants to develop a forecast for next years quarterly sales of cactus trees. He has collected quarterly sales for the past two
1. A gardener wants to develop a forecast for next years quarterly sales of cactus trees. He has collected quarterly sales for the past two years, and the data exhibit seasonality. By conducting seasonal factor analysis based on the past two years sales data, he has obtained the following seasonal indices: 0.7 (fall), 0.8 (winter), 1.3 (spring), 1.2 (summer). The expected average sales for each season in year 3 is known to be 120.
Please calculate the quarterly forecasts for year 3: FFall = __________ .
(Please provide your answer for other quarters in the following three questions. If your solution contains more than two decimals.)
Continued from the previous question: recall that seasonal indices are 0.7 (fall), 0.8 (winter), 1.3 (spring), 1.2 (summer), and the expected average sales for each season in year 3 is known to be 120.
Please calculate the quarterly forecasts for year 3: FSummer = __________ .
(Please maintain two decimal places if your answer contains more than two decimals.)
Continued from the previous question: recall that seasonal indices are 0.7 (fall), 0.8 (winter), 1.3 (spring), 1.2 (summer), and the expected average sales for each season in year 3 is known to be 120.
Please calculate the quarterly forecasts for year 3: FWinter = __________ .
Continued from the previous question: recall that seasonal indices are 0.7 (fall), 0.8 (winter), 1.3 (spring), 1.2 (summer), and the expected average sales for each season in year 3 is known to be 120.
Please calculate the quarterly forecasts for year 3: FSpring = __________ .
(Please maintain two decimal places if your answer contains more than two decimals.)
(Please maintain two decimal places if your answer contains more than two decimals.)
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