Here are the sales data for the past 6 periods. It is known that a three-period seasonality exists.
Here are the sales data for the past 6 periods. It is known that a three-period seasonality exists. Assume the linear regression line for the deseasonalised demand is Y=486.14+55.96t. From these data, answer the following four questions.
PERIOD
ACTUAL
PERIOD
ACTUAL
1
300
4
416
2
540
5
760
3
885
6
1191
What is the forecast of demand for period 7?
Select one:
a. 460
b. 877
c. 890
d. 990
e. 1506