What would be the total demand forecast for the year 2023?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Based on historical data from 2018 to 2021, the estimated demand (in millions of kilowatt-hours) for a
European Electric Company is represented by the trend line D = 127 +0.47Q, where Q represents the
sequential quarter number and Q=1 represents the first quarter of 2018. In addition, multiplicative seasonal
factors per quarter are provided through the following seasonal indices:
SEASONAL
QUARTER
INDEX
1st Quarter
1.12
(Spring)
2nd Quarter
1.58
(Summer)
3rd Quarter (Fall)
0.67
4th Quarter
0.85
(Winter)
What would be the total demand forecast for the year 2023?
O 527.74 million kilowatt-hours
O 550.30 million kilowatt-hours
O 556.36 million kilowatt-hours
O 580.16 million kilowatt-hours
Transcribed Image Text:Based on historical data from 2018 to 2021, the estimated demand (in millions of kilowatt-hours) for a European Electric Company is represented by the trend line D = 127 +0.47Q, where Q represents the sequential quarter number and Q=1 represents the first quarter of 2018. In addition, multiplicative seasonal factors per quarter are provided through the following seasonal indices: SEASONAL QUARTER INDEX 1st Quarter 1.12 (Spring) 2nd Quarter 1.58 (Summer) 3rd Quarter (Fall) 0.67 4th Quarter 0.85 (Winter) What would be the total demand forecast for the year 2023? O 527.74 million kilowatt-hours O 550.30 million kilowatt-hours O 556.36 million kilowatt-hours O 580.16 million kilowatt-hours
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