Question: The demand data for an item for Year 1 is given in the Table below. Find the seasonal index for the Summer quarter. Identify the

The demand data for an item for Year 1 is given in the Table below. Find the seasonal index for the Summer quarter. Identify the closest answer.

Quarter Year 1
Fall 110
Winter 240
Spring 600
Summer 450

a. 0.314

b. 0.340

c. 0.792

d. 1.82

e. 1.29

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 Mathematics Questions!

Q:

28: The demand data for an item for 3 years is given in the table below. Find the forecast for the Winter quarter of the fourth year using the seasonal forecasting model. Total demand in the fourth...

Q:

Find the average quarterly loads for the rest of the years. Find the quarterly seasonal indices by dividing the actual quarterly loads by the average quarterly loads for a year. For example, for...

Q:

The quarterly sales for specific educational software over the pat three years are given in the following table. Compute the seasonal index for Quarter 4. (choose the nearest answer) YEAR 1 YEAR 2...

Q:

The quarterly sales for specific educational software over the past three years are given in the following table. Compute the seasonal index for Quarter 4. (choose the nearest answer) YEAR 1 YEAR 2...

Q:

Decision Support Tools Main Content Quiz Test 2 (S1) Question 1 Answer saved Marked out of 1.00 Question text If we know that the length of time it takes a college student to find a parking spot in...

Q:

please give me right answer asap The tourist industry is subject to enormous seasonal variation. A hotel in North Queensland has recorded its occupancy rate for each quarter during the past 5 years....

Q:

Subject: Business - Materials Management QUESTION 1 A). Describe at least six (6) costs involved in the Management of Materials B). If the cost of manufacturing (direct material and direct labour) is...

Q:

The probability of demand for an item is given as below: Demand 10 20 30 40 50 Probability 10% 10% 35% 25% 20% Each product sells for $10 and costs $5 to make. Items that are not sold at the end of...

Q:

Here I'm expecting the specific reason to which model (additive/multiplicative) should we use? how to decide? and what is the exact reason behind it. Also if possible could you please explain how to...

Q:

Find the seasonalized forecast for Q2 of 2017. The sales trend has been modeled as: Sales - 106.00+2't, where t= time in quarters, beginning in Q1 2014. Seasonality for the four quarterly periods is...

Q:

Use ionization energy and electron affinity values (see Table 8.3) to calculate the energychange (in kJ/mol) for the following reactions: (a) Li(g) + I(g) Li+ (g) + I - (g) (b) Na(g) + F(g) Na+ (g)...

Q:

Quality Products uses a JIT management system to manufacture trading pins. The standard cost per pin is $ 2 for direct materials and $ 3 for conversion costs. Last month, Quality recorded the...

Q:

A culturally competent organization displays all of the following attributes except: Is wiling to share power anong leasers of afferent cultural backgrounds Understands how each of our backgounds...

Q:

2023 1040 form 1.Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent...