Statistics Solutions

[See Steps] Quarterly sales in units for the last two years are as follows: Quarter Year 1 Year 2 I 27 43 II 48 64 III 73 109 IV 44 56 A straight line was

Question: Quarterly sales in units for the last two years are as follows:

Quarter Year 1 Year 2
I 27 43
II 48 64
III 73 109
IV 44 56

A straight line was fitted to the sales data. The equation of the fitted line is

Y = 35 + 5 × t . The first quarter in the data is labeled t = 1.

  1. Calculate seasonal indexes for this product using the fitted line approach.
  2. Using the fitted line and seasonal indexes you have just calculated, forecast sales in each quarter of year 3.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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