FULL SCREEN PRINTER VERSTON BACKk CES Problem 9 Your answer is partially correct
ID: 425167 • Letter: F
Question
FULL SCREEN PRINTER VERSTON BACKk CES Problem 9 Your answer is partially correct. Try again. Demand at Nature Trails Ski Resort has a seasonal pattern. Demand is highest during the winter, as this is the peak skl season. However, there is Trails would like to make a forecast for each season of the next year. Total annual demand has been estimated at 3,900 visitors. Given the last two years of historical some ski demand in the . The summer months can also be busy as visitors often come for summer vacation to go hiking on the mountain trails. The owner of Natune what is the forecast for each season of the next year? Visitors Year 1 Year 2 Season Fal Winter Spring Summer 197 1,446 498 710 1,576 565 802 (Round your answers to O decimal place, the tolerance is +/-1.) Season Forecast Fali 209 1960 532 x Study Winter Summer 756 version 4246.2 1 ?2009-2011lennulexASonalns. Au Rights Reserved. A Division of ataminASoos.ia ns ? enxactatisxExplanation / Answer
The first step is to compute the average demand for each year.
The next step is to compute seasonal index for each season. The formula for seasonal index = no. of visitors/average. So seasonal index for fall for year 1 = 197/712.75 = 0.2764 and for fall for year 2 = 220/790.75 = 0.2782
The next step is to compute the average seasonal index. Average for fall = (0.2764+0.2782)/2 = 0.2773
Average demand per season = 3,900/4 = 975
Thus we will now multiply average seaosnal demand of 975 with each seasonal index. Thus for fall the answer will be = 975*0.2773 = 270
Using the formula the answers are (rounding off to the nearest whole number)
(The above table is the answer)
If rounding off is not done then the answers will be: Fall = 270, winter = 1960, spring = 688 and summer = 980.
Year 1 Year 2 Fall 197.00 220.00 Winter 1,446.00 1,576.00 Spring 498.00 565.00 Summer 710.00 802.00 Total 2,851.00 3,163.00 Average 712.75 790.75Related Questions
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