Business 9609 · AS & A Level · Operations strategy
Operations strategy — practice question
(a)[2]
From Table 1.1, calculate the seasonal variation for 2022 Q2 (X).
(b)[2]
From Table 1.1, calculate the forecast revenue for 2023 Q3 (Y).
(c)[12]
Evaluate the significance to WP’s business planning of using sales forecasts based on time series analysis.
Worked solution & mark scheme
This 16-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Method/formula to use: seasonal variation = revenue in Q2 (actual) minus trend for Q2” …