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nts) Quarterly revenues (in $1,000,000s) for a national restaurant chain for a five-year period were as follows: Quarter Year 1 1 33 2 36 3
nts) Quarterly revenues (in $1,000,000s) for a national restaurant chain for a five-year period were as follows:
Quarter Year 1
1 33
2 36
3 35
4 38
Year 2 42
40
42
47
Year 3 54
53
54
62
Year 4 70
67
70
77
Year 5 85
82
87
99
(1) (6 points) Solve for the forecast equation that minimizes the sum of squared error. (Problem 2.1.1 in notes)
2) (6 points) Forecast the four quarters of year 6.
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