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Quarterly revenues (in millions) for a national restaurant chain have been recorded for the last 3 years. Because quarterly revenues for this national chain exhibit
Quarterly revenues (in millions) for a national restaurant chain have been recorded for the last 3 years. Because quarterly revenues for this national chain exhibit both seasonality and trend, quarterly revenue forecasts for next year can be calculated by using the following equation: Revenuest = 24.47 + 2.23(Qtr1t) - 2.31(Qtr2t) - 3.65 (Qtr3t) + 3.34t. What is the revenue forecast for next year's second quarter?
38.85 | ||
25.50 | ||
65.58 | ||
67.89 | ||
None of the alternatives is correct. |
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