Question
The following data in the sales in ice-cream was collected in the past period of 2 years in each quarter. Time period Sales (in HK$000)
The following data in the sales in ice-cream was collected in the past period of 2 years in each quarter.
Time period | Sales (in HK$000) |
1st Q, 2020 | 80 |
2nd Q, 2020 | 85 |
3rd Q, 2020 | 82 |
4th Q, 2020 | 76 |
1st Q, 2021 | 78 |
2nd Q, 2021 | 88 |
3rd Q, 2021 | 85 |
4th Q, 2021 | 80 |
a. Find out the trend line equation using the above data.
b. Predict the sales of ice-cream in the 3rd quarter of 2022?
Step by Step Solution
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a The computations here are done as Where x is the number of quarte...
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
2nd edition
73396958, 978-0077630461, 77630467, 978-0073396958
