Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2) You have been given data that represents sales in (thousands of dollars) for Superlative Online Grocery Inc., a relatively new firm offering online

Question 2) You have been given data that represents sales in (thousands of dollars) for Superlative Online Grocery Inc., a relatively new firm offering online shopping services in Superlative. The company wants to use the partial Excel Summary Output and the Time Series data below to develop a regression equation and use seasonal indexes to estimate their sales. Note: time period (t=1, 2, 3, ...)

Coefficients

Standard Error

t Stat

P-value

Intercept

59.3

2.740408694

17.99002

4.49643E-11

t

0.257

0.28340632

0.731645

0.47645435

Quarter

Sales

t

y/Y-hat

Year 1

Q1

58

59.557

0.974

Q2

62

59.814

1.037

Q3

56

60.071

0.932

Q4

67

60.328

1.111

Year 2

Q1

57

60.585

0.941

Q2

61

60.842

1.003

Q3

56

61.099

0.917

Q4

70

61.356

1.141

Year 3

Q1

59

61.613

0.958

Q2

61

61.870

0.986

Q3

57

62.217

0.917

Q4

68

62.384

1.090

Year 4

Q1

58

62.641

Q2

60

62.898

Q3

56

63.155

Q4

71

63.412

Required:

Calculate the seasonal indexes to three decimal places, show your calculations. (5 marks)

Forecast the sales in quarter 2 of year 5. (2 marks)

Someone, please help me quickly!!!!!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Financial And Managerial Accounting

Authors: Meg Pollard, Sherry K. Mills, Walter T. Harrison

1st Edition

0136008984, 978-0136008989

More Books

Students also viewed these Accounting questions

Question

Which sorting techniques do you use and why?

Answered: 1 week ago