Month Average Demand Seasonal Index January 30 February 50 March 85 April 110 May 125 June 245 July 255 August 135 September 100 October 90 November 50 December 30 Total Note that your answer, if done correctly, should have all the seasonal indices add up to the number of periods in the entire season, in this case 12. 1% 1% 4% 15% 30% 30% 15% 4% -2 -1 2 3 MEAN ABSOLUTE DEVIATIONS FIGURE 8.12 Normal distribution curve.

If actual period demand varies from the forecast by more than 3MAD, this indicates: there is 3% chance that the forecast is wrong. there is a 98% chance that the forecast is wrong. there is a 97% chance that the forecast is wrong. there is a 3% chance that the forecast is correct Moving to the next question prevents changes to this answer:

Complete the following table and draw a graph showing how bond price for each bond changes over time as they move towards their maturity dates. Describe the relationship between bond prices and time remaining for maturity. Using the table below show all the calculations for every bond prices calculated  Years remaining to maturity BOND A Coupon rate = 8% p.a. Market interest rate = 6% p.a. BOND B Coupon rate = 6% p.a. Market interest rate = 6% p.a. BOND C Coupon rate = 4% p.a. Market interest rate = 6% p.a. 10       9       8       7       6       5       4       3       2       1       0

Below is a table containing data on product demand for the most recent three months along with the forecasts that had been made for those three previous months. Calculate the MAPE. Month Demand Forecast 1 308 310 388 390 344 342 2.