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Cool Drinks Corp. is expanding in the markets of Russia, Ukraine, and Poland. Required: Prepare a seasonal sales forecasting model using the historical sales data

Cool Drinks Corp. is expanding in the markets of Russia, Ukraine, and Poland.

Required: Prepare a seasonal sales forecasting model using the historical sales data provided. Hint: use multiple regression analysis. Predict the next year's sales and compute standard errors of the forecasts.

Historical Sales Data:

Sales, thousands of liters

Year

Calendar Month

3000

1

1

3050

1

2

3100

1

3

3150

1

4

3200

1

5

3250

1

6

3300

1

7

3350

1

8

3400

1

9

3450

1

10

3500

1

11

3550

1

12

3600

2

13

3650

2

14

3700

2

15

3750

2

16

3800

2

17

3850

2

18

3900

2

19

3950

2

20

4000

2

21

4050

2

22

4100

2

23

4150

2

24

4200

2

25

4250

3

26

4300

3

27

4350

3

28

4400

3

29

4450

3

30

4500

3

31

4550

3

32

4600

3

33

4650

3

34

4700

3

35

4750

3

36

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