Discuss how seasonality affects forecasts and give ...

[mydiamond]

Discuss how seasonality affects forecasts and give examples.

Question 2

The population of a city is 230,000 and its annual per person expenditure on athletic shoes is 45 . If there are 64,688 square feet of retail space used to sell athletic shoes in this city, its index of retail saturation is ____.
 a. 12.65
  b. 79.01
  c. 159.99
  d. 1437.51

[akpaschal]

Answer to Question 1

Many organizations are faced with seasons that repeat themselves during a particular period. These seasons might be by time of day (for example, demand for hamburgers at a fast-food outlet), by day of the week (for example, the demand for gasoline), by week, by the month, or by some combination of these. Adjusting a forecast for seasons basically uses a combination of seasonal factors and average demand to arrive at an adjusted forecast.

Answer to Question 2

C