Healthy Juices Ltd. is making a significant impact in the Asian markets, particularly in China, Japan, and South Korea.

Required: Develop a seasonal sales forecasting model using the historical sales data provided below. 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
6000	1	1
6050	1	2
6100	1	3
6150	1	4
6200	1	5
6250	1	6
6300	1	7
6350	1	8
6400	1	9
6450	1	10
6500	1	11
6550	1	12
6600	2	13
6650	2	14
6700	2	15
6750	2	16
6800	2	17
6850	2	18
6900	2	19
6950	2	20
7000	2	21
7050	2	22
7100	2	23
7150	2	24
7200	2	25
7250	3	26
7300	3	27
7350	3	28
7400	3	29
7450	3	30
7500	3	31
7550	3	32
7600	3	33
7650	3	34
7700	3	35
7750	3	36