Part 4 . Question 10. At the end of their fiscal year, a consulting company want

Question

Part 4. Question 10. At the end of their fiscal year, a consulting company wants a monthly forecast for the number of contracts next year. They collected monthly data from the last five years.

If you were working for my consulting company, what would I accept as the best monthly forecasts for next year?

Year 1 Year 2 Year 3 Year 4 Year 5 Month 1 164 229 294 359 424 Month 2 150 210 270 330 390 Month 3 138 193 248 303 358 Month 4 144 204 264 324 384 Month 5 137 192 247 302 357 Month 6 97 137 177 217 257 Month 7 113 158 203 248 293 Month 8 86 121 156 191 226 Month 9 49 69 89 109 129 Month 10 72 102 132 162 192 Month 11 137 192 247 302 357 Month 12 201 281 361 441 521

Explanation / Answer

From the data above given, It is understand the collected monthly data are increasing in each year in a particular order on average of 15% to 30% every year.The best prediction satisfying the above is Option B.

I.e. The Forecast B

While forecast is increased drastically to some months and decreased in some other months.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---