Use Excel Solver to find the best estimates for the linear trend line and the seasonal indices for this data.

Vandelay Industries manufactures
sailboats. Actual demand for their sailboats for each season over
the past four years was as follows:

YEAR

SEASON

1

2

3

4

Winter

1,400

1,200

1,000

900

Spring

1,500

1,400

1,600

1,500

Summer

1,000

2,100

2,000

1,900

Fall

600

750

650

500

Complete all parts of this problem in
Excel. Clearly identify the responses to each part of the
question.
a. Enter the necessary data
and formulas for this problem into a spreadsheet.
b. Use Excel Solver to find the best
estimates for the linear trend line and the seasonal indices for
this data. Provide a screenshot (or Snipping Tool capture) of the
Solver Dialog Box.
c. Use your estimates of the linear trend line and the seasonal
factors to determine a forecast for sailboat demand for every
season of the next year (Year 5).


 

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The post Use Excel Solver to find the best estimates for the linear trend line and the seasonal indices for this data. appeared first on Wise Papers.

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