Question: 44. (14 points) A manager is using the equation below to forecast the deseasonlized monthly demand for a product: Yt=6,000+80t where t=0 at September of

 44. (14 points) A manager is using the equation below to

44. (14 points) A manager is using the equation below to forecast the deseasonlized monthly demand for a product: Yt=6,000+80t where t=0 at September of last year. Month relatives for January to November are .7,.8,.9,1.0,1.1,1.2,1.3,1.3,1.1,.9,.8 respectively. (You need to show your work, rather than only a final answer.) a) What is the seasonal relative for December? (2 points) b) What are the seasonal forecasts for December of this year and January of next year? (12 points)

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!