POn the basis of quarterly sales (in $ lakhs) of a certain commodity for the years 2001-2005 the following calculations were made : Trend: y = 25-0 + 0-6t, with origin at 1st quarter of 2001, where t = time units (one quarter), and y = quarterly sales $ lakhs). Seasonal variations : 3rd 4th Quarter Seasonal index 1st 2nd 110 105 90 95 Estimate the quarterly sales for the year 2002 (use multiplicative model).
POn the basis of quarterly sales (in $ lakhs) of a certain commodity for the years 2001-2005 the following calculations were made : Trend: y = 25-0 + 0-6t, with origin at 1st quarter of 2001, where t = time units (one quarter), and y = quarterly sales $ lakhs). Seasonal variations : 3rd 4th Quarter Seasonal index 1st 2nd 110 105 90 95 Estimate the quarterly sales for the year 2002 (use multiplicative model).
Chapter1: Making Economics Decisions
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![P'On the basis of quarterly sales (in $ lakhs) of a certain commodity for the years
2001-2003
Trend:
the following calculations were made :
y = 25-0 + 0-6t, with origin at 1st quarter of 2001,
where t = time units (one quarter), and y= quarterly sales $ lakhs).
Seasonal variations:
Quarter
1st
2nd
3rd
4th
Seasonal index
90
95
110
105
Estimate the quarterly sales for the year 2002 (use multiplicative model).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb2397aa9-8d40-4d0d-a7a4-94a10218c51a%2F50007647-cc4e-4bbb-ad92-50b42b5607c9%2Fqbav0js_processed.jpeg&w=3840&q=75)
Transcribed Image Text:P'On the basis of quarterly sales (in $ lakhs) of a certain commodity for the years
2001-2003
Trend:
the following calculations were made :
y = 25-0 + 0-6t, with origin at 1st quarter of 2001,
where t = time units (one quarter), and y= quarterly sales $ lakhs).
Seasonal variations:
Quarter
1st
2nd
3rd
4th
Seasonal index
90
95
110
105
Estimate the quarterly sales for the year 2002 (use multiplicative model).
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