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Forecasting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Forecasting

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • December 17, 2021 at 6:02 pm #644473
    dingdong02
    Participant
    • Topics: 14
    • Replies: 1
    • ☆

    Almond Ltd. had sales of $500,000 in January of 2000. It has an increasing trend in sales of $10000 per month and uses an additive model for seasonal variation. Seasonal variation is as follows.
    January- March +$1000
    April- June -$1000
    July-September +$2000
    October-December -$2000
    Calculate forecasted sales for the month of December of the year 2002.
    Ans) 848000
    Sir, I’m getting 789000 can you explain this question?

    December 18, 2021 at 8:09 am #644494
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51538
    • ☆☆☆☆☆

    By December 2002, there will have been 11+12+12 = 35 months of growth

    Therefore the trend will have grown to 500,000 + (35 x 10,000) = 850,000.

    The seasonal variation is – 2,000, therefore the forecast will be 850,000 – 2,000 = 848,000.

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