has a seasonal pattern. Demand is highest during the winter, as this is the peak
ID: 424823 • Letter: H
Question
has a seasonal pattern. Demand is highest during the winter, as this is the peak ski season. However, there is some sk demand in the spring and even fall come for summer vacation to go hiking on the mountain trails. The owner of Nature Trails would like to make a forecast for each months. The summer months can also be busy as visitors often season of the next year. Total annual demand has been estimated at 3,940 vistors?Grven the last two years or histona data, what the forest fro ao a net parr Visitors 213 503 SeasonYear 1Year 2 Fall Winter Spring Summer 217 1,608 606 816 1,358 694 (Round your answers to 0 decimal place, the tolerance is +/-1.) Forecast Fall Winter Spring Summer 286 1940 727Explanation / Answer
Now,
Forecasted demand for the next year = 3940
Average seasonal demand = 3940/4 = 985
So,
Season Year 1 Y1 seasonal index Year 2 Year 2 seasonal Index Average seasonal index Fall 213 0.3078 217 0.2673 0.2876 Winter 1358 1.9624 1608 1.9809 1.9717 Spring 503 0.7269 606 0.7465 0.7367 Summer 694 1.0029 816 1.0052 1.0041 Total Demand 2768 3247 Average demand 692 811.75Related Questions
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