Savings-Mart (a chain of discount department stores) sells patio and lawn furniture. Sales are seasonal, with higher
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Ŷt = 8.25 + 0.125t 2.75D1t + 0.25D2t + 3.50D3t
where Ŷt = predicted sales ($million) in quarter t
8:25 = quarterly sales ($million) when t = 0
t = time period (quarter) where the fourth quarter of 2002 = 0, first quarter of 2003 = 1, second quarter of 2003 = 2 . . .
Forecast Savings-Marts sales of patio and lawn furniture for each quarter of 2010. 10.
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Related Book For
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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