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Savings-Mart (a chain of discount department stores) sells patio and lawn furniture. Sales are seasonal, with higher sales during the spring and Summer quarters and
Savings-Mart (a chain of discount department stores) sells patio and lawn furniture. Sales are seasonal, with higher sales during the spring and Summer quarters and lower sales during the fall and winter quarters. The company developed the following quarterly sales forecasting model: Ye=6,50 +1.850t - 2.750 +0.25D +3,50 where Y; predicted sales in millions of dolfora) in quarter 6.50 - quarterly sales in millions of dollara) when to time period (quarter) where the fourth quarter of 2019 = 0, first quarter of 2015 1 DA I for firat quarter observations: 0 otherwise D = 1 for second quarter observations; otherwise D. 1 for third quarter observations; otherwise Forecast Savings-Mart's sales of patio and lawn furniture for each quarter of 2020. Sales Forecast (Millions of dollars) Quarter 2020 First Quarter 2020 Second Quarter 2020 Third Quarter 2020 Fourth Quarter
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