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Problem:

Monthly usage data for pallets used in a distribution center are as follows:

Year    1               2            3             4

Jan      1484      1482       1792      1902

Feb      1394      1400       1586       1722

Mar       1552      1548       1770       1876

April       1796      1864       2110       2218

May        2060       2198        2408      2548

June      2214        2446       2652       2844

July       2330          2580      2606     2972

Aug       2432          2698      2872      3110

Sept       2416        2682        2946     3208

Oct         2262         2592         2906      3200

Nov      1942           2132        2340       2806

Dec        1566          1802        2046       2418

Required:

Question 1)  Calculate the monthly usage for each month

Question 2)  Use simple linear regression to forecast total usage of pallets for year 5

Question 3) Forecast the seasonally adjusted usage for pallets for each month in year 5

Provide the solution of given numerical problem and show step by step calculation.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91147572

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