5-37 Trevor Harty, an avid mountain biker, always wanted to start abusiness selling top-of-the-line mountain bikes and other outdoorsupplies. A little over 6 years ago, he and a silent partner opened astore called Hale and Harty Trail Bikes and Supplies. Growth wasrapid in the first 2 years, but since that time, growth in sales hasslowed a bit, as expected. The quarterly sales (in $1,000s) for thepast 4 years are shown in the table below:QUARTERYEAR 1YEAR 2YEAR 3YEAR 41274282282296217217818221031301361341584162168170182 a. Develop a trend line using the data in the table. Use this toforecast sales for each quarter of year 5. What does theslope of this line indicate?b. Use the multiplicative decomposition model to incorporateboth trend and seasonal components into the forecast.What does the slope of this line indicate?c. Compare the slope of the trend line in part (a) to the slopein the trend line for the decomposition model that wasbased on the deseasonalized sales figures. Discuss whythese are so different and explain which is the better one touse.

Answered: 5-37 Trevor Harty, an avid mountain…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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