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## Economics

 Basic Economics Macroeconomics Microeconomics Business Economics Econometrics International Economics Managerial Economics Game Theory Public Economics

Chemical Company Sales

The equation describing the sales trend of the Chemical Company is St=21.3+1.3t, where St is the sales (in millions of dollars per month) of the firm and t is time measured in months from January 1995. The firm's seasonal index of sales is:

jan 103 May 101 Sept 121
Feb 80 June 104 Oct 101
Mar 75 July 120 Nov 75
April 103 August 139 Dec 78

A. Construct a monthly sales forecast for the firm for 2001.

B. Why would the managers of the Chemical Company want monthly sales forecasts of this kind?

• Reference No.:- M924061

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