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Your seasonally adjusted monthly sales forecast is $382,190 + $4,011(Month number), where the month number is 1 for January 2006

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Your seasonally adjusted monthly sales forecast is $382,190 + $4,011(Month number), where the month number is 1 for January 2006 and increases by 1 each month. The seasonal index for February sales is 0.923, and it is 1.137 for April. What you need now is a forecast for cost of goods sold in order to plan ahead for filling future orders. You have found that monthly sales have been a good predictor of monthly cost of goods sold and have estimated the following regression equation:
Predicted cost of good sold = $106,582+0:413 (Sales)
a. Find the seasonally adjusted forecast of monthly sales for February 2013.
b. Find the forecast of monthly sales for February 2013.
c. Find the forecast of cost of goods sold for February 2013.
d. Find the forecast of cost of goods sold for April 2014.

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a 382 190 4 011 86 727 136 b 727 136 0 92…View the full answer


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Practical Business Statistics

Practical Business Statistics

ISBN: 9780123852083

6th Edition

Authors: Andrew Siegel

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Question Posted: November 11, 2015 04:06:44
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