Accounting Forecasting for the Winter Essay

Open, View, and/or
Download this Document

Total Length: 629 words ( 2 double-spaced pages)

Total Sources: 2

Page 1 of 2

This is demonstrated in figure 1, with the data shown and the regression line shown. The equation for the line can be used to forecast the demand for any point in the future.

Figure 1; Chart for month 1 with forcast and regression line

The line shown has the equation y = 0.0289x + 0.9278, where x is the year, so for year 5 the equation would be (0.0289x 5) + 0.9278 = 1.07. Thins can be repeated for each of the months.

The result of the equation gives the new index figure for the fifth year. To assess the level of inventory needed the index needs to be converted back to units: this in undertaken by multiplying the index by the base line for that month, as shown in table 2.

Table 2; Forecast for the winter inventory

Month

Average

Forecast Index

Forecast in Units

1

47,370

1.07

50,790

2

56,638

1.

Stuck Writing Your "Accounting Forecasting for the Winter" Essay?

View All Our Example Accounting Forecasting for the Winter Essay

Have A Custom Example Essay Written

01

57,125

3

29,855

1.21

36,210

4

39,638

1.22

48,300

5

27,323

0.81

21,995

6

19,350

1.34

25,900

7

39,600

1.42

56,400

8

37,080

1.53

56,720

9

30,000

1.68

50,450

10

59,210

1.32

78,145

11

64,375

0.88

56,600

12

57,750

0.90

52,250

The forecast for the forthcoming year is complete. The forecast is useful, but the forecast may also be complimented with the use of graphs. The data in the previous section of the paper were assessed comparing each month against the same month in other years to assess monthly patterns. Graphs may also be used to assess the patterns seen in a year to identify the periods where there is the greatest demand and the periods where the demand is lowest (Morlidge, 2009)......

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Accounting Forecasting For The Winter" (2013, January 26) Retrieved June 16, 2026, from
https://www.aceyourpaper.com/essays/accounting-forecasting-winter-77454

Latest MLA Format (8th edition)

Copy Reference
"Accounting Forecasting For The Winter" 26 January 2013. Web.16 June. 2026. <
https://www.aceyourpaper.com/essays/accounting-forecasting-winter-77454>

Latest Chicago Format (16th edition)

Copy Reference
"Accounting Forecasting For The Winter", 26 January 2013, Accessed.16 June. 2026,
https://www.aceyourpaper.com/essays/accounting-forecasting-winter-77454
   

Open, View, and/or
Download this Document
order custom essay example