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Harleys Painting Co

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Harley's Painting Co.;A Seasonal and Trending Forecasting Exercise;? For several years Harley has run his painting business in two venues: Twin Cities area;(from May - Oct) and the Ft. Myers area of Florida (from Nov to Apr). Harley doesn't;like snow or scorching heat very much.;? For the last three years, he has collected the number of monthly hours billed for painting;and being handy with Excel spreadsheets, he has compiled the following statistics.;Billed Painting Hours;Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Avgs Grwth;3 Yrs ago 138 144 143 129 114 130 139 145 144 130 114 129 1599 133;2 Yrs ago 142 146 147 132 117 133 143 147 148 133 145 132 1665 139 1.04;1 Yr ago 145 148 149 144 122 145 146 149 150 144 121 144 1707 142 1.03;Mo Total 425 438 439 405 353 408 428 441 442 407 380 405 Hard Values;Mo Avg 142 146 146 135 118 136 143 147 147 136 127 135 1657 138 1.033;Ssnl Indx 1.03 1.06 1.06 0.98 0.85 0.98 1.03 1.06 1.07 0.98 0.92 0.98 Forecast Values;This Year 1714.995 143 1.035;0;? Here are some questions for your team. Answer them as precisely and completely as you can.;1) What do the numbers appearing in the "Hard Values" area represent?;2) What do the numbers appearing in the row labeled "Ssnl Indx" represent?;3) Do you see a pattern in the "Ssnl Indx" numbers?;If you do see one, does it mean anything? If so, what?;4) In the Seasonal Indices what does 0.85 represent?;What does 1.06 represent?;5) Take a stab at forecasting the monthly numbers in the red row, then tell me how you did it.;(Don't waste yours and my time with a guess. In other words, show your work.);6) Explain why the 1.035 factor in the Forecast Values differs from the;1.033 factor in the Hard Values.;7) Could Harley's forecasting tool be used in another business? What sort;of business? How?

 

Paper#35227 | Written in 18-Jul-2015

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