Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

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?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M924061

Have any Question? 


Related Questions in Business Economics

Abc company has a proposed project that will generate sales

ABC Company has a proposed project that will generate sales of 403 units annually at a selling price of $288 each. The fixed costs are $6,795 and the variable costs per unit are $80. The project requires $39,521 of equip ...

Many cities have experienced a substantial decrease in the

Many cities have experienced a substantial decrease in the amount of garbage being collected after they changed from levying a flat tax on each household to a system where the homeowner is charged a fee for each bag or c ...

A hospital in a town has one dialysis machine that can run

A hospital in a town has one dialysis machine that can run for 30 hours per week. As the boss of the hospital, you must decide who gets the treatment.   There are a number of patients who require treatment and their need ...

1 an operator is considering two options to improve the

1. An operator is considering two options to improve the production from an oil well. Option 1 requires that the well be stimulated at a cost of $10,000 with an increase in production of 5 bbls/day for a one year period. ...

A hedge fund currently has assets of 500 million the annual

A hedge fund currently has assets of $500 million. The annual fee structure of this fund consists of a fixed fee of 1% of portfolio assets plus a 20% incentive fee. The fund applies the incentive fee to the gross return ...

Consider the demand for coal with quantities in tons when

Consider the demand for coal with quantities in tons. When the price of coal decreases from $60 to $50, the quantity of coal demanded increases from 400 to 500 tons. Similarly the price of coal increases from $70 to $90, ...

Describe the considerations that have to be taken when

Describe the considerations that have to be taken when writing an application designed to drive a database by more than one simultaneous user?

International monetary fund imf quotas refer toa the amount

International Monetary Fund? (IMF) "quotas" refer to A. the amount of foreign exchange reserves that each member country is obligated to hold at its central bank. B. the fixed amount of borrowing that each country is all ...

Economics for business paperpaperin todays business world

Economics for Business Paper Paper In today's business world, it is vital for companies to carefully assess their markets and competitive environment and operate efficiently. A critical skill for business managers is the ...

Choose any one product that you hold an inelastic demand

Choose any one product that YOU hold an inelastic demand and any one product that YOU hold an elastic demand. Explain your reasoning to why your elasticity differs. Why may someone else hold a completely different elasti ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate