The Badrutt's Palace Hotel St. Moritz which is one of the best Alpine hotels in Switzerland has provided you with their quarterly bookings data over the last 6 years as follows:

Year	Quarter-1 (Demand in units)	Quarter-2 (Demand in units)	Quarter-3 (Demand in units)	Quarter-4 (Demand in units)
2017	45,000	22,000	64,000	33,000
2018	48,000	27,000	74,000	41,000
2019	52,000	32,000	83,000	46,000
2020	57,000	35,000	94,000	52,000
2021	61,000	42,000	104,000	56,000
2022	67,000	49,000	120,000	61,000

Required:

1. Calculate the seasonal indices for each season using multiplicative index (3 Marks)

1. Forecast the demand for each season of the year 2023 given that the annual demand forecast is 324,000 units. (2 Marks)

1. Deseasonalize the actual demand data (2017-2022) above using the seasonal indices obtained in (a) above. (2 Marks)

1. Generate OLS equation using the Deseasonalized data in (iii) above (in thousand units)

(3 Marks)