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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: Yt=9.50+0.600t2.75Dlt+0.25D2t+3.5D3t where Yt9.50tDJtD2tD3t=predictedsales(inmillionsofdollars)inquartert=quarterlysales(inmillionsofdollars)whent=0=timeperiod(quarter)wherethefourthquarterof2012=0,firstquarterof2013=1,secondqu=1forfirst-quarterobservations;0otherwise=1forsecond-quarterobservations;0otherwise=1forthird-quarterobservations;0otherwise Forecast Savings-Mart's sales of patio and lawn furniture for each quarter of 2020
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