The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. F 55-4.5t+3.5t2 = where F = Unit sales t=0 at the first quarter of last year Quarter Relative 1 1.15 2 0.90 3 0.65 1.30 Click here for the Excel Data File Using the information given, prepare a forecast of sales for each quarter of next year (not this year), and the first quarter of the year following that. (Round Intermediate calculations and final answers to 2 decimal places.) Quarter Forecast 1
The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. F 55-4.5t+3.5t2 = where F = Unit sales t=0 at the first quarter of last year Quarter Relative 1 1.15 2 0.90 3 0.65 1.30 Click here for the Excel Data File Using the information given, prepare a forecast of sales for each quarter of next year (not this year), and the first quarter of the year following that. (Round Intermediate calculations and final answers to 2 decimal places.) Quarter Forecast 1
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.6: Moving Averages Models
Problem 22P: The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six...
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