Question: NOTE: Show and use excel formulas for each and all calculations and round to two decimals Q 3 The Actual demand for skis from a

NOTE: Show and use excel formulas for each and all calculations and round to two decimals

Q 3 The Actual demand for skis from a large GTA retail chain is shown below for 2020. (4 marks)
a) Calculate the Seasonal Index for 2020 for each of the four seasons.
b) Use the seasonal Index from table 1 to calculate the demand for each of the seasons for
this coming year, 2021 (Table #2) based on a new ANNUAL demand of 11,1000 snowboards.
Last Year 2020 This Year 2021
Season Sold Average Seasonal Index Season Seasonal Index Forecast
Winter 3520 Winter
Spring 2120 Spring
Summer 1250 Summer
Fall 2450 Fall

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