Math Question
The ‘Liverpool Garden Centre’ is interested in forecasting the
sales of garden spades for the coming year. Based on the quarterly
sales figures for the previous two years, the garden centre expects to
sell around 405 spades in the coming year. The sales data exhibits a seasonal sales pattern. Table 1 below gives the last two years of sales data (Year 1 and Year 2).
Spades Sold
Season
Year 1
Year 2
Autumn
45
43
Winter
30
35
Spring
225
216
Summer
80
95
Table 1: Sales data for year 1 and year 2
(a) How
much can the garden centre expect to sell during each quarter of next
year (Year 3) accounting for seasonality? Your forecast must make use of seasonal indices. All workings must be shown in full. (NOTE: Please round your calculations to three decimal places).
Solve the following math question
Mathematics Assignment Help The ‘Liverpool Garden Centre’ is interested in forecasting the sales of garden spades for the coming year. Based on the quarterly sales figures for the previous two years, the garden centre expects to sell around 405 spades in the coming year. The sales data exhibits a seasonal sales pattern. Table 1 below gives the last two years of sales data (Year 1 and Year 2).
Spades Sold
Season
Year 1
Year 2
Autumn
45
43
Winter
30
35
Spring
225
216
Summer
80
95
Table 1: Sales data for year 1 and year 2
(a) How much can the garden centre expect to sell during each quarter of next year (Year 3) accounting for seasonality? Your forecast must make use of seasonal indices. All workings must be shown in full. (NOTE: Please round your calculations to three decimal places).
Solve the Math Question
The ‘Liverpool Garden Centre’ is interested in forecasting the sales of garden spades for the coming year. Based on the quarterly sales figures for the previous two years, the garden centre expects to sell around 405 spades in the coming year. The sales data exhibits a seasonal sales pattern. Table 1 below gives the last two years of sales data (Year 1 and Year 2).
Spades Sold
Season
Year 1
Year 2
Autumn
45
43
Winter
30
35
Spring
225
216
Summer
80
95
Table 1: Sales data for year 1 and year 2
(a) How much can the garden centre expect to sell during each quarter of next year (Year 3) accounting for seasonality? Your forecast must make use of seasonal indices. All workings must be shown in full. (NOTE: Please round your calculations to three decimal places).