The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Ft = 51 − 4.1t + 3.1t 2 whereFt = Unit sales t = 0 at the first quarter of last year QuarterRelative10.9520.9530.4541.65 Click here for the Excel Data File Using the information given, prepare a forecast of sales for each quarter of next year (not this year), and the first quarter of the year following that. (Round intermediate calculations and final answers to 2 decimal places.)

The trend equation is given as, Ft=51-4.1t+3.1t2 Quarter Relative 1 0.95 2 0.95 3 0.45 4…

Answered: The following equation summarizes the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations.

F_t = 51 − 4.1t + 3.1t ²
where
F_t = Unit sales
t = 0 at the first quarter of last year

Quarter	Relative
1	0.95
2	0.95
3	0.45
4	1.65

Click here for the Excel Data File

Using the information given, prepare a forecast of sales for each quarter of next year (not this year), and the first quarter of the year following that. (Round intermediate calculations and final answers to 2 decimal places.)

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