Question: Given the time series sales data for years 2018 (quarter 1 to 4), 2019 (quarters 5 to 8) as reported in the table below, forecast

Given the time series sales data for years 2018 (quarter 1 to 4), 2019 (quarters 5 to 8) as reported in the table below, forecast sales in quarters 9 to 12 of 2020. (20)

Quarters

Sales

Trend

Seasonal Factor

Average seasonal factor

Forecasted Sales

1

750

703.33

?

?

2

680

737.02

?

?

3

720

770.71

?

?

4

900

804.4

?

?

5

890

838.09

?

6

800

871.78

?

7

780

905.47

?

8

1050

939.16

?

9

?

?

10

?

?

11

?

?

12

?

?

The interpolation of historical data is

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!