Question: can we summarize ourselves though data 3 Block Commodities has gathered the following information concerning rock salt deliveries clients, which it believes are highly seasonal:
3 Block Commodities has gathered the following information concerning rock salt deliveries clients, which it believes are highly seasonal: to its Year1 Year 2 January 84 80 February 78 65 March 66 70 15 25 15 10 15 10 15 April May June July August 50 40 September50 60 October 150 170 November 200 190 December 200 210 Total 923 955 Annual 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 be the value of the seasonal relative for the month of July? What would be the value of the seasonal relative for the month of December? 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 this annual 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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