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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. F t = 52
The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Ft = 52 4.2t + 3.2t 2 where Ft = Unit sales t = 0 at the first quarter of last year
Quarter | Relative |
1 | 1.00 |
2 | 1.00 |
3 | .50 |
4 | 1.50 |
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 2 decimal places.)
Quarter | Forecast |
1 | |
2 | |
3 | |
4 | |
1 | |
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