Make a monthly sales forecast for the firm

Reference no: EM1326636

Chemical Company Sales

The equation describing the sales trend of the Chemical Company is St=21.3+1.3t, where St is the sales (in millions of dollars per month) of the firm and t is time measured in months from January 1995. The firm's seasonal index of sales is:

jan 103 May 101 Sept 121
Feb 80 June 104 Oct 101
Mar 75 July 120 Nov 75
April 103 August 139 Dec 78

A. Construct a monthly sales forecast for the firm for 2001.

B. Why would the managers of the Chemical Company want monthly sales forecasts of this kind?

Reference no: EM1326636

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