A distributor uses the following equation for forecasting demand of snow shovels

Question

A distributor uses the following equation for forecasting demand of snow shovels:Y = 10000 + 600t, where t=0 in Spring of 2013. Each season is a period, so Summer 2013 would be t=1. His seasonal relatives or seasonal factors are (Fall=1.2; Winter=1.4; Spring= 0.9; Summer= 0.9). What would be his seasonal forecast for Summer, 2013? (Round to the nearest whole number) *

The Polish General's Pizza Parlor is a small restaurant catering to patrons with a taste of European pizza. One of its specialties is Polish Prize Pizza. Tammy Dough, manager of Polish General, must forecast weekly demand for these special pizzas so that she can order the correct amount of pizza shells weekly Recently, the demand has been as follows. What is the forecast for October 13 using the naive method?* Week September 1 September 8 September 15 September 22 September 29 October 6 Number of Polish Prize Pizzas sold 50 65 52 60 70 60

Explanation / Answer

According to the naive method the forecast for a period is equal to the actual value for the immediately previous period. So using the naive method the forecast for October 13 = Number of Polish pizzas sold in October 6 = 60

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