Please show calculator steps M MHE Reades @ Connect ontes Tools Help yuo 0fceM5S

Question

Please show calculator steps
M MHE Reades @ Connect ontes Tools Help yuo 0fceM5Shudent ErnalRemote Assrtance ujii Dykes LibraryWeb SkceGaley. ter 3 Homework 13 Problem 3-11 A manager of a store that sells and installs spas wants to prepare a forecast for January, February, and March of next year. Her are a combination of trend and seasonality. She uses the following e equation to estimate the trend component of monthly 87 for January, 91 for February, and 102 for March. What demand F -60+5t where t demands should she predict? (Round your answers to 2 decimal places.) January of the next edokrebruary of the next year March of the next year ProOne 600

Explanation / Answer

Equation

Ft= 60+5t

t=0 june last yr

t=1 july lasy yr

t=2 august last yr

t= 7 january this yr

t=19 jan next yr

t= 20 feb next yr

t=21 march next yr

Forecast= trend*seasonality

January Forecast= (60+5*19)*0.87= 134.85

February Forecast= (60+5*20)*0.91= 145.6

March Forecast= (60+5*21)*1.02= 168.3

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