You have recorded your company sales over the last 2 years and notice an increasing trend in sales. After plotting the sales in Excel, it shows you the following best-fit line: y = 1036.7x + 2729.5 where y is units sold and x is the time period. You also observe that the sales show seasonality and calculate the seasonal indices for each season in the table below. Season Winter Spring Summer Fall Seasonal Index 0.82 0.78 1.26 1.13 Using the trendline and seasonal index, what is the forecast for the next Summer (time period 11)? (Hint: this is similar to practice problem #28)
You have recorded your company sales over the last 2 years and notice an increasing trend in sales. After plotting the sales in Excel, it shows you the following best-fit line: y = 1036.7x + 2729.5 where y is units sold and x is the time period. You also observe that the sales show seasonality and calculate the seasonal indices for each season in the table below. Season Winter Spring Summer Fall Seasonal Index 0.82 0.78 1.26 1.13 Using the trendline and seasonal index, what is the forecast for the next Summer (time period 11)? (Hint: this is similar to practice problem #28)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 41SGR
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Transcribed Image Text:You have recorded your company sales
over the last 2 years and notice an
increasing trend in sales. After plotting
the sales in Excel, it shows you the
following best-fit line: y = 1036.7x +
2729.5 where y is units sold and x is
the time period. You also observe that
the sales show seasonality and
calculate the seasonal indices for each
season in the table below.
Season
Winter
Spring
Summer
Fall
Seasonal
Index
0.82
0.78
1.26
1.13
Using the trendline and seasonal index,
what is the forecast for the next
Summer (time period 11)? (Hint: this is
similar to practice problem #28)

Transcribed Image Text:9,889
17,142
15,170
12,060
17,808
10,215
14,133
13,097
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