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The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Ft = 5 3
The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations.
Ft t t
where
Ft Unit sales
t at the first quarter of last year
Quarter Relative
Using the information given, prepare a forecast of sales for each quarter of next year not this year and the first quarter of the year following that. Round intermediate calculations and final answers to decimal places.
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