Forecasting Demand with Seasonality and Growth
Not what you're looking for?
Develop and justify a forecasting method taking into consideration seasonal trends, stability for repeat customers and anticipating growth of repetitive customers. Then forecast aggregate demand for 2008 using the following sales (in thousands):
Month 2003 2004 2005 2006 2007
Jan 2 3 2 5 5
Feb 3 4 5 4 2
Mar 3 3 5 4 3
Apr 3 5 3 2 2
May 4 5 4 5 7
Jun 6 8 6 7 6
Jul 7 3 7 10 8
Aug 6 8 10 14 10
Sep 10 12 15 16 20
Oct 12 12 15 16 20
Nov 14 16 18 20 22
Dec 8 10 8 12 8
Purchase this Solution
Solution Summary
The solution shows a step by step demand forecasting method with seasonality and expected growth. It also provides a power point presentation for students require detail explanation.
Solution Preview
Dear Student,
I have provided the solution in the attached spreadsheet. For the 2008 demand forecast I have used the following steps:
Step 1. Identify seasonality. The first chart shows you that there is seasonality in January and November. Sales peaks in November and ...
Purchase this Solution
Free BrainMass Quizzes
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce