Question: A manager is using the equation Y(t) = 6300 + 55t to forecast quarterly demand for a product. In the equation, t = 0 at
A manager is using the equation Y(t) = 6300 + 55t to forecast quarterly demand for a product. In the equation, t = 0 at Q1 of 2019. Quarter relatives are Q1 = 0.84, Q2 = 0.86, Q3 = 0.85, and Q4 = 1.45. What forecasts are appropriate for the third quarter of 2021?
a. 8058.82
b. 5916
c. 5822.5
d. 5635.5
e. 6850
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