Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1: The following seasonal indices have been calculated for a time series of tourist departure from Australia. Q1 1.0291 Q2 Q3 0.8813 Q4 1.0932 The

Q1: The following seasonal indices have been calculated for a time series of tourist departure from Australia.

Q1

1.0291

Q2

Q3

0.8813

Q4

1.0932

The missing value of the Q2 seasonal index is Answer(please give your answer to four decimal places).

Q2: The following model is used for forecasting the sales of lollipops (in thousand dollars):

The model was established using quarterly data starting from quarter index t=1 at Quarter 1, 2013. The correct forecasted trend value for the third quarter of 2019 is Answerthousand dollars (please round your answer to 2 decimal places).

Q3: The following model is used for forecasting the sales of ice creams (in thousand dollars) and was established using quarterly data from the quarter index t=1 at Quarter 1, 2016:

Tt=16.175+2.49t

Assuming a multiplicative model, the seasonal indices have been calculated:

Q1

1.096

Q2

1.015

Q3

0.834

Q4

1.055

Using trend and seasonality, the sales forecast for the fourth quarter of 2021 is Answerthousand dollars (provide your answer to 2 decimal places).

Q4: The following seasonal indices have been calculated for a time series of tourist departures from Australia.

Q1 1.0293
Q2 1.0941
Q3 0.8784
Q4 0.9982

Which of the following is the correct interpretation of the Q2 seasonal index?

Select one:

The tourist departures in the second quarter are 0.941% above trendline projection

The tourist departures in the second quarter are 0.941% above trendline projection on average

The tourist departures in the second quarter are 9.41% above trendline projection

The tourist departures in the second quarter are 9.41% above trendline projection on average

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

Robot Soccer Teams

Answered: 1 week ago

Question

Excel caculation on cascade mental health clinic

Answered: 1 week ago