SOLUTION: Hi can you please help me solve for this:
The monthly sales volume (in thousands of dollars) for a manufacturer of snow skis is seasonal (there tend to be more skis sold during
Algebra ->
Probability-and-statistics
-> SOLUTION: Hi can you please help me solve for this:
The monthly sales volume (in thousands of dollars) for a manufacturer of snow skis is seasonal (there tend to be more skis sold during
Log On
Question 184598: Hi can you please help me solve for this:
The monthly sales volume (in thousands of dollars) for a manufacturer of snow skis is seasonal (there tend to be more skis sold during fall and winter months than during warmer months). The following table shows the monthly seasonal indexes for the company's sales:
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
1.16 0.99 0.91 0.70 0.61 0.49 0.69 1.00 1.26 1.29 1.47 1.47
Using several years of sales data, beginning in September of (i.e., corresponds to September of ), the manufacturer summarized that the trend line that describes the monthly sales (in thousands of dollars) has the form . Assuming that a multiplicative model can be used to describe the sales data, generate a forecast for the total dollar sales the company can expect to receive in February of .
Express your answer in thousands of dollars.
Thank you Answer by stanbon(75887) (Show Source):