The planning department of Padget and Kure Shoes, the manufacturer of an exclusi
ID: 3433189 • Letter: T
Question
The planning department of Padget and Kure Shoes, the manufacturer of an exclusive brand of women
The planning department of Padget and Kure Shoes, the manufacturer of an exclusive brand of women??s shoes, developed the following trend equation, in millions of pairs, based on 5 years of quarterly data. Y hat = 3.30 + 1.75t The following table gives the seasonal factors for each quarter. Quarter I II III IV Index 110.0 120.0 80.0 90.0 Determine the seasonally adjusted forecast for each of the four quarters of the sixth year. (Round estimated pairs to 2 decimal places and quarterly forecast to 3 decimal places.) Quarter t Estimated pairs (millions) Quarterly forecast (millions) I _____ ______ _____ II _____ ______ _____ III _____ ______ _____ IV _____ ______ _____Explanation / Answer
Regression line is given as Y = 3.30+1.75t
t = index for quarter
when t= 110, y = 3.30+1.75(110)
= 195.8
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Quarter II
Y = 3.30+1.75(120)
= 213.3
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Quarter III
y =330+140 = 470
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Quarter iv
x=90
y = 330+157.50
= 487.50
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