Project the sales for the last quarter of Year 7 and the first quarter of Year 8. State yourassumptions.

  

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The sales (in thousands) of a particular beverage of a popular milk tea shop for each quarter of the following months and trend values were found using moving averages as follows: Year 4 5 6 7 00 Quarter 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 Actual Sales (in thousands) 24 8 30 60 20 20 50 80 40 40 62 92 Trend 30 31 35 40 45 50 54 57 The sales (in thousands) of a particular beverage of a popular milk tea shop for each quarter of the following months and trend values were found using moving averages as follows: Year 4 5 6 7 00 Quarter 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 Actual Sales (in thousands) 24 8 30 60 20 20 50 80 40 40 62 92 Trend 30 31 35 40 45 50 54 57

Answer rating: 100% (QA)

In order to project the sales for the last quarter of Year 7 Q4 and the first quarter of Year 8 Q1 well need to use the trend values and seasonal vari... View the full answer