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The following table presents quarterly seasonal indexes for the number of new automobiles sold by a car dealership in London Ontario. Spring Summer Fall Winter
- The following table presents quarterly seasonal indexes for the number of new automobiles sold by a car dealership in London Ontario.
Spring | Summer | Fall | Winter |
1.15 | 0.80 | 1.10 | 0.95 |
- Comment on the seasonal indexes in relation to automobile sales. (3 marks)
- From the original historical data (2002 2006) a trend line of TRt = 250 + 6t, where t = 1 to 20, was calculated. Assuming a multiplicative seasonal model forecast the number of new automobiles expected to be purchased in the year 2007, by quarter. (5 marks)
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