Thomas Associates Ltd Billings 2016 2017 2018 2019 Year Total Quarter! 165 Quarter 150 Quarter 270 Quarter 265 145 135 260 235 177 160 329 284 209 190 372 328 696 635 1231 1112 Total 850 775 950 1099 1 Thomas Associates forecasts that 2020 billings will be 1250. Use the data above to construct a seasonal index for each quarter. (2 points) 2 Use the annual billings forecast of 1250 to predict sales for each quarter. (3 points) 3 3 If billings decline by 130 from the 4th quarter of 2019 to the 1st quarter of 2020 is that a signal that the company is on track to meet its target for the year? (3 Points) Thomas Associates Ltd Billings 2016 2017 2018 2019 Year Total Quarter! 165 Quarter 150 Quarter 270 Quarter 265 145 135 260 235 177 160 329 284 209 190 372 328 696 635 1231 1112 Total 850 775 950 1099 1 Thomas Associates forecasts that 2020 billings will be 1250. Use the data above to construct a seasonal index for each quarter. (2 points) 2 Use the annual billings forecast of 1250 to predict sales for each quarter. (3 points) 3 3 If billings decline by 130 from the 4th quarter of 2019 to the 1st quarter of 2020 is that a signal that the company is on track to meet its target for the year? (3 Points)