Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN: 9781305506381
Author: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher: Cengage Learning
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Chapter 5, Problem 8E

Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N = 400 + 4 X

where N = monthly demand for bags of potting soil X = time periods in months  ( March 2 00 6 = 0 )

Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years:

Chapter 5, Problem 8E, Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+4X , example  1

  1. Forecast Bell Greenhouses’ demand for potting soil in March, June, August, and December 2007.
  2. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast.

Chapter 5, Problem 8E, Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+4X , example  2

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Bell Greenhouses has estimated its monthly demand for potting soil to be the following:N = 400 + 4Xwhere N = monthly demand for bags of potting soilX = time periods in months (March 2006 = 0)Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years:MONTH      ADJUSTMENT FACTOR (%)March                             +2June                              +15August                         +10December                     −12a. Forecast Bell Greenhouses’ demand for potting soil in March, June, August, and December 2007.b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast.YEAR      FORECAST      ACTUAL 2007             500                   515 2006             452…
8675 84. Bell Greenhouses has estimated Its monthly demand for potting soil to be the following: 9 10 N=400+4X 11 where N=monthly demand for bags of potting soil X-time periods in months (March 2022-0) 12 Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual 13 sales data from the past five years: 14 15 Adjustment Factor 16 +2 17 June +1.5 18 August +10 19 December -12 20 a. Forecast Bell Greenhouses' demand for potting soll In March, June, August, and December 2023. 21 22 b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2023 forecast. RASA2823 24 25 26 27 29 7.3 2019 2018 30 31 HAW 33 Year 2022 2021 2020 Month March Forecast 500 452 404 356 308 Actual 515 438 420 380 320
Bell Greenhouses has estimated its monthly demand for potting soil to be the following: Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years: MONTH ADJUSTMENT FACTOR (%) March +2 June +15 August +10 December −12 a. Forecast Bell Greenhouses’ demand for potting soil in March, June, August, and December 2007. Answer b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast. YEAR FORECAST ACTUAL 2007 500 515 2006 452 438 2005 404 420 2004 356 380 2003 308 320
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