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

2. Block Commodities has gathered the following information concerning rock salt deliveries (tons) to its clients, which it believes are highly seasonal: Average Month Year 1 Year 2 Year 3 Year 4 Monthly January 75 76 95 90.75 February 48 42 March 37.75 April May June July August 118 September 171.25 October 190 201 180 197.75 November 100 101 110 102.25 December 81 87 88 81.5 Total 910 903 913 920 98 70 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 the value of the seasonal relative for the month of each month? 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 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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