Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) A compute store had calculated the seasonal index for each of the quarters of the year. This information is in the chart below. They

1) A compute store had calculated the seasonal index for each of the quarters of the year. This information is in the chart below. They also have calculated the regression formula to predict sales for each year. This equation is y = 124x + 1727. What is the forecast for computer sales for year 4 quarter 3? Round your answer to the nearest whole number.

Quarter

Index

Q1

0.164

Q2

0.237

Q3

0.364

Q4

0.235

A. 527

B. 497

C. 809

D. 556

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Finance

Authors: Sherry Shindler Price

1st Edition

0934772185, 9780934772181

More Books

Students also viewed these Finance questions

Question

10. What is a mean square?

Answered: 1 week ago

Question

Find the median for the set of measurements 2, 9, 11, 5, 6, 27.

Answered: 1 week ago