Concept explainers
1
To calculate: Seasonal factors for each quarter.
Seasonal factors
Seasonal factors help in analyzing a serious of data and they identify all the changes of regular and recurring nature.
2
To determine: Deseasonlized time series or demand by using seasonal factors calculated in part 1.
Deseasonalized data
Deseasonalized data represents the continuous data rather than the seasonal data. Dematerialized data is generated by making some adjustments to seasonal data.
3
To calculate: The demand for all the quarters of year 4 for deseasonalized series by using six quarters moving average.
Demand
Demand forecasting is a process in which past data is used to estimate the expected demand of some future period.
4
To calculate: Estimated demand for all the quarters of year 4.
Demand forecasting
Demand forecasting is a process in which past data is used to estimate the expected demand of some future period.
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Production and Operations Analysis, Seventh Edition
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