Question: 2 . Block Commodities has gathered the following information concerning rock salt deliveries ( tons ) to its clients, which it believes are highly seasonal:

2. Block Commodities has gathered the following information concerning rock salt deliveries (tons) to its clients, which it believes are highly seasonal:
Month Year 1 Year 2 Year 3 Year 4 Average Monthly
January 825988142512871131.25
February 528442510572513
March 385624180616451.25
April 242442525275371
May 22781801172.75
June 33653011059.5
July 308429525308392.5
August 15951274163513201456
September 19912561243015952144.25
October 20902613330019802495.75
November 11001313165010781285.25
December 89191013059681018.5
Total 10010117391369510120
a. Suppose Block Commodities calculated a set of seasonal relatives to express this monthly variation in rock salt deliveries, using this set of data. Calculate the value of the seasonal relative for each month. And answer what would the value of the seasonal relative for October?
b. Block Commodities believes that this year will be a busy year for rock salt deliveries, forecasting a total of 13000 tons to be delivered during the year. Using this annual forecast and Blocks set of seasonal relatives, what would be a logical forecast for May of next year?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!