In: Statistics and Probability
The following equation summarizes the trend portion of quarterly
sales of condominiums over a long cycle. Sales also exhibit
seasonal variations.
Ft = 64 − 5.4t + 4.4t
2
where
Ft = Unit sales
t = 0 at the first quarter of last year
Quarter | Relative |
1 | .90 |
2 | 1.10 |
3 | .40 |
4 | 1.60 |
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 | |
2 | |
3 | |
4 | |
1 | |
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