Question

In: Statistics and Probability

The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle....

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

Solutions

Expert Solution


I HOPE THIS ANSWER IS HELPFULL TO YOU......IF YOU HAVE ANY QUERY ASK ME IN THE COMMENT BOX,I AM HERE TO HELPS YOU.

**PLEASE GIVE ME "LIKE".....ITS VERY IMPORTANT FOR,ME......PLEASE SUPPORT ME .......THANK YOU


Related Solutions

The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle....
The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Ft = 53 − 4.3t + 3.3t 2    where Ft = Unit sales t = 0 at the first quarter of last year Quarter Relative 1 1.05 2 1.05 3 .55 4 1.35 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...
5) Based on quarterly data collected over the last four years, the following regression equation was...
5) Based on quarterly data collected over the last four years, the following regression equation was found to forecast the quarterly demand for the number of new copies of an economics textbook: t= 3,305 – 665 Qtr1 – 1,335 Qtr 2 + 305 Qtr3, where Qtr1,Qtr2, and Qtr3 are dummy variables corresponding to Quarters 1, 2, and 3. The demand forecast for Quarter 2 of the next year is ________. A) 2,640 B) 1,970 C) 3,610 D) 3,305 2) In...
a. What is trend in long-term debt paying ability of over the last three years for...
a. What is trend in long-term debt paying ability of over the last three years for CVS - using ratios? b. What is trend in long-term debt paying ability of over the last three years Walgreens - using ratios? c. Which company has had better long-term debt paying ability over the last 3 years? Explain with ratios. Income Statement for CVS Revenue 12/31/2017 12/31/2016 12/31/2015 Total Revenue 184,765,000 177,526,000 153,290,000 Cost of Revenue 156,220,000 148,669,000 126,762,000 Gross Profit 28,545,000 28,857,000...
The quarterly sales data (number of copies sold) for a college textbook over the past three...
The quarterly sales data (number of copies sold) for a college textbook over the past three years follow: Year Quarter Sales 1 1 1690 2 940 3 2625 4 2500 2 1 1800 2 900 3 2900 4 2360 3 1 1850 2 1100 3 4 2930 2615 a. Construct a time series plot. What type of pattern exists in the data?   b. Show the four‐quarter and centered moving average values for this time series. c. Compute the seasonal and...
The quarterly sales data (number of copies sold) for a college textbook over the past three...
The quarterly sales data (number of copies sold) for a college textbook over the past three years follow. Quarter Year 1 Year 2 Year 3 1 1690 1800 1850 2 940 900 1100 3 2625 2900 2930 4 2500 2360 2615 a. Construct a time series plot. What type of pattern exists in the data? b. Show the four-quarter and centered moving average values for this time series. c. Compute the seasonal and adjusted seasonal indexes for the four quarters....
The quarterly sales (number of books sold) over the past 3 years are as shown below....
The quarterly sales (number of books sold) over the past 3 years are as shown below. Year Quarter Period Sales 1 1 1 1700 1 2 2 1000 1 3 3 2700 1 4 4 2500 2 1 5 1800 2 2 6 900 2 3 7 2900 2 4 8 2400 3 1 9 1800 3 2 10 1100 3 3 11 2900 3 4 12 2600 Construct a time series plot for this data. Paste the time series...
The quarterly sales data (number of copies sold) for a college textbook over the past three...
The quarterly sales data (number of copies sold) for a college textbook over the past three years follow. Click on the datafile logo to reference the data. quarter year 1 year 2 year 3   1 1690 1800 1850 2 940 900 1100 3 2625 2900 2930 4 2500    2360    2615 e. Deseasonalize the time series (to 3 decimals). Year Quarter Deseasonalized Value 1 1 2 3 4 2 1 2 3 4 3 1 2 3 4 f....
a. Obtain the linear trend equation for the following data on new checking accounts at Fair...
a. Obtain the linear trend equation for the following data on new checking accounts at Fair Savings Bank and use it to predict expected new checking accounts for periods 16 through 19. (Round your intermediate calculations and final answers to 2 decimal places.) Period New Accounts Period New Accounts Period New Accounts 1 200 6 239 11 281 2 215 7 246 12 275 3 211 8 250 13 283 4 229 9 256 14 288 5 235 10 267...
The quarterly sales data (number of book sold) for Christian book over the past three years...
The quarterly sales data (number of book sold) for Christian book over the past three years in California follow:     Year 1               Year 2               Year 3   1690              1800                  1850   940                 900                   1100   2625              2900                  2930   2500             2360                   2615 1. Construct a time series plot. What type of pattern exists in the data? This was not shown in the WebEx example I provided. But you can simply create this graph in Excel (Go to INSERT and look for charts under INSERT...
Q4) To finance current budget deficit, US government relies on T bond sales. The significant portion(over...
Q4) To finance current budget deficit, US government relies on T bond sales. The significant portion(over 30%) of T bonds are purchased by foreign governments or capitalists(lately China). What is your opinion about relying on foreign debt to finance US budget deficit? If some foreign countries became unhappy about trade or political matter with US government ( of the new president, Trump) or due to lack of confidence over US T Bond and decided to cash out (sell) US T...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT