Sara’s Ice Cream Shop is closed for six months out of the year but has had...

Sara’s Ice Cream Shop is closed for six months out of the year but has had the monthly sales amounts listed below for the last four years.

Year:	2017		2018		2019		2020
May	$	436,033	$	928,871	$	535,489	$	851,191
June		743,438		1,084,328		597,962		741,114
July		1,450,963		1,250,431		1,564,817		1,580,619
August		1,429,245		1,795,341		1,851,460		1,590,258
September		1,179,072		1,023,971		683,804		724,065
October		370,097		466,349		484,744		653,776

Asssuming that there is both seasonality and a trend, estimate monthly sales for each month of the coming year.

	2021
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER

Solutions

Expert Solution

Monthly Sales will be as follows:

2021	May	698587
June	804999
July	1488059
August	1698693
September	921247
October	504484

Fianl Outcome will be as follows: Follow Step by Step

STEP 1- Finding Intercept (Follow the excel formula)

STEP 2- Finding Slope (Follow the excel formula)

STEP- 3 Finding LT Forecast (Follow the excel formula) Drag till the last i.e. 2021 October

STEP-4 Finding Seasonality Index (Follow the excel formula)

STEP 5 Finding Seasonal Forecast with Trend (Follow the excel formula) Drag till the last i.e. 2021 October

keosha answered 2 hours ago

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