Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Seasonality of Bemand The company VID-CO-19 has manufactured swim suits for men, women, and children for 10 years. The company is located in Boston, Massachusetts. Swim suits have always had a higher demand during the months of April, May, June, July, August, and September. The demand has always been lower during the months of October, November, December, January, February, and March. The real demand, based on sales of year 20X1 is the following (it starts with December of the previous year): Period Bimester Demand Season Average December-January February-March 100 90 200 180 April-May June-July August-September October-November 3 900 910 3,000 4,000 2.100 4,900 300 350 VID-CO-19 has hired you as an Operations Management expert to help them to forecast demand for year 20X2 using the Linear Regression Method. What is the seasonal factor for Period 3 (April-May)? (write your answer rounded to two decimals)

Seasonality of Bemand The company VID-CO-19 has manufactured swim suits for men, women, and children for 10 years. The company is located in Boston, Massachusetts. Swim suits have always had a higher demand during the months of April, May, June, July, August, and September. The demand has always been lower during the months of October, November, December, January, February, and March. The real demand, based on sales of year 20X1 is the following (it starts with December of the previous year): Period Bimester Demand Season Average December-January February-March 100 90 200 180 April-May June-July August-September October-November 3 900 910 3,000 4,000 2.100 4,900 300 350 VID-CO-19 has hired you as an Operations Management expert to help them to forecast demand for year 20X2 using the Linear Regression Method. What is the seasonal factor for Period 3 (April-May)? (write your answer rounded to two decimals)

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question
Seasonality of Demand The company VID-CO-19 has manufactured swim suits for men, women, and children for 10 years. The company is located in Boston, Massachusetts. Swim suits have always had a higher demand during the months of April, May, June, July, August, and September. The demand has always been lower during the months of October, November, December, January, February, and March. The real demand, based on sales of year 20X1 is the following (it starts with December of the previous year): Period Bimester Demand Season Average 1 December-January 100 90 2 February-March 200 180 April-May June-July 900 910 4 3,000 2,100 5 August-September 4,000 4.900 6 October-November 300 350 VID-CO-19 has hired you as an Operations Management expert to help them to forecast demand for year 20X2 using the Linear Regression Method. What is the seasonal factor for Period 3 (April-May)? (write your answer rounded to two decimals)
Transcribed Image Text:Seasonality of Demand The company VID-CO-19 has manufactured swim suits for men, women, and children for 10 years. The company is located in Boston, Massachusetts. Swim suits have always had a higher demand during the months of April, May, June, July, August, and September. The demand has always been lower during the months of October, November, December, January, February, and March. The real demand, based on sales of year 20X1 is the following (it starts with December of the previous year): Period Bimester Demand Season Average 1 December-January 100 90 2 February-March 200 180 April-May June-July 900 910 4 3,000 2,100 5 August-September 4,000 4.900 6 October-November 300 350 VID-CO-19 has hired you as an Operations Management expert to help them to forecast demand for year 20X2 using the Linear Regression Method. What is the seasonal factor for Period 3 (April-May)? (write your answer rounded to two decimals)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Forecasting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS