(Step-by-Step) The following data represent revenues in thousands of dollars for a manufacturer of small electric appliances. Year Quarter Revenues 1996 1
Question: The following data represent revenues in thousands of dollars for a manufacturer of small electric appliances.
| Year | Quarter | Revenues |
| 1996 | 1 | 514 |
| 1996 | 2 | 822 |
| 1996 | 3 | 648 |
| 1996 | 4 | 976 |
| 1997 | 1 | 616 |
| 1997 | 2 | 884 |
| 1997 | 3 | 678 |
| 1997 | 4 | 996 |
| 1998 | 1 | 658 |
| 1998 | 2 | 850 |
| 1998 | 3 | 714 |
| 1998 | 4 | 1052 |
- Calculate the moving averages for this time series.
- Find the seasonal index for each quarter.
- From the fourth quarter of 1997 to the first quarter of 1998, revenues declined. What happened on a seasonally adjusted basis?
- Compute the forecast for the second quarter of 2002.
extra credit : Find the regression equation to predict the long term trend in the seasonally adjusted revenues.
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