The data below relate to the profits of Soko Yetu Groceries (in thousands of shillings) over...
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The data below relate to the profits of Soko Yetu Groceries (in thousands of shillings) over a period of four years. Year 2019 2020 2021 2022 Required: (i) (ii) 1 12 13 15 16 2 9 10 13 12 Quarter 3 11 17 20 21 4 14 20 22 Determine the trend equation using the least squares method. Calculate the seasonal index for each quarter using the multiplicative model. (8 marks) (6 marks) (Total: 20 marks) The data below relate to the profits of Soko Yetu Groceries (in thousands of shillings) over a period of four years. Year 2019 2020 2021 2022 Required: (i) (ii) 1 12 13 15 16 2 9 10 13 12 Quarter 3 11 17 20 21 4 14 20 22 Determine the trend equation using the least squares method. Calculate the seasonal index for each quarter using the multiplicative model. (8 marks) (6 marks) (Total: 20 marks)
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