The following equation summarizes the trend portion of quarterly sales of

$1.49

Complete Solution:

Solution Available in PDF File.

-
+

Description

QUESTION:

The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. 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.

Ft = 40 ? 6.5t + 2t2

where

Ft = Unit sales

t = 0 at the first quarter of last year

Quarter ____________ Relative

1 ???????..??.. 1.1

2 ?????????.. 1.0

3 ????????.?.. .6

4 ?????????.. 1.3


Reviews

There are no reviews yet.

Be the first to review “The following equation summarizes the trend portion of quarterly sales of”

Your email address will not be published. Required fields are marked *