(Step-by-Step) Suppose you are given the following demand and forecast data for the last four quarters. QUARTER DEMAND FORECAST Winter 285 250 Spring 315
Question: Suppose you are given the following demand and forecast data for the last four quarters.
QUARTER | DEMAND | FORECAST |
Winter | 285 | 250 |
Spring | 315 | 300 |
Summer | 300 | 350 |
Fall | 400 | 400 |
Develop a seasonal index for each of the quarters. Does the fall quarter really need a seasonal adjustment index, Explain?
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