Question: A manager is using the equation Y(t) = 5600 + 60t to forecast quarterly demand for a product. In the equation, t = 0 at
A manager is using the equation Y(t) = 5600 + 60t to forecast quarterly demand for a product. In the equation, t = 0 at Q2 of last year. Quarter relatives are Q1 = 0.64, Q2 = 0.97, Q3 = 0.75, and Q4 = 1.64. What forecasts are appropriate for the last quarter of this year?
a.
9774.4
b.
9380.8
c.
9577.6
d.
9676
e.
3634.15
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
