While conducting an end-of-year finished goods inventory at his furniture store
Question # 00174715
Posted By:
Updated on: 01/17/2016 11:50 PM Due on: 01/18/2016
While conducting an end-of-year finished goods inventory at his furniture store, Bob was able to construct the following data on of his nonseasonal furniture items.
- Use trend projection to estimate the relationship between time and sales (state the equation).
- Calculate forecasts for the remaining 5 months of the next year.
1 2 3 4 5 6 7
Jan Feb Mar Apr May June july
53 57 55 59 64 71 55
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Rating:
/5
Solution: While conducting an end-of-year finished goods inventory at his furniture store