Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started