Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An quarterly time series on net sales (in billions of dollars) contains 22 values, from quarter 1 of 2012 (t=1) to quarter 2 of 2017

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
An quarterly time series on net sales (in billions of dollars) contains 22 values, from quarter 1 of 2012 (t=1) to quarter 2 of 2017 (t=22) . The tted trendline for the data has the following equation: Tt = 4.6 + 0.1 t Assume a multiplicative model, the seasonal indexes are calculated as below: 1" quarter 2"\" quarter 3\" quarter 4'11 quarter Please answer the questions a and b below. (3 a. lntepret the value of the rst quarter seasonal index 81. Select the correct answer below. {2:} A. On average, the sales for the 1st quarter are 5.2% of the trendline projection. {@1- B. The sales for the 1st quarter are 5.2% below the trendline projection, on average. {:1- C. On average, the sales for the 1st quarter are 5.2% above the trendline projection. D. The sales for the 1st quarter are estimated 5.2% below the trendline projection. b. What is the forecast sales for the third quarter of 2018? $|j billion (Simplify your answer to two decimal places.) The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000 to 2008. The trend forecasting equations below were found, where t is the number of years after 1999. Complete parts (a) to (b) below. a, = - 34.6667 + 27.8000 t 0 > 0 > 0 12 0 12 0 12 Coded Year Coded Year Coded Year b. Calculate a linear trend forecasting equation and plot the trend line using X=O for 1999. 1.1 H x- I (Round to two decimal places as needed.) Choose the correct graph below. 1:) A. 1:) B. 1:) C. A A A 30 Q 30 Q 30 Q 2?, 0' 0' so? 0' w 15 w 15 w 15 \"\" a ' - D\" D\" t 0 0 0 0 12 0 12 0 12 Coded Year Coded Year Coded Year c. Calculate a quadratic trend forecasting equation and plot the results, using X=0 for 1999. \\?i=| (Round to four decimal places as needed.) +( Xi+(| X. 2 I Choose the correct graph below. 0 A. 30 A Price (3) E 0 12 Coded Year a Q l3. C) B. 30 Coded Year 12 9,9 C) c. 30 Price (3) E Coded Year 12 ,0'9 l3

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

Reading, Writing, And Proving A Closer Look At Mathematics

Authors: Ulrich Daepp, Pamela Gorkin

2nd Edition

1441994793, 9781441994790

More Books

Students also viewed these Mathematics questions

Question

Tell me about the other language(s) you speak.

Answered: 1 week ago