The manager of a utility company in the Texas panhandle wants to develop quarterly forecasts of power loads for the next year. The power loads are seasonal, and the data on the quarterly loads in megawatts (MW) for the last 4 years are as follows:Quarter Year 1 Year 2 Year 3 Year 41 103.5 94.7 118.6 109.32 126.1 116.0 141.2 131.63 144.5 137.1 159.0 149.54 166.1 152.5 178.2 169.0The manager estimates the total demand for the next year at 600 MW. Use the multiplicative seasonal method to develop the forecast for each quarter.
The manager of a utility company in the Texas panhandle wants to develop quarterly forecasts of power loads for the next year. The power loads are seasonal, and the data on the quarterly loads in megawatts (MW) for the last 4 years are as follows:
Quarter Year 1 Year 2 Year 3 Year 4
1 103.5 94.7 118.6 109.3
2 126.1 116.0 141.2 131.6
3 144.5 137.1 159.0 149.5
4 166.1 152.5 178.2 169.0
The manager estimates the total demand for the next year at 600 MW. Use the multiplicative seasonal method to develop the
Trending now
This is a popular solution!
Step by step
Solved in 8 steps with 8 images
