Central States Electric Company estimates its demand trend line (in millions of kilowatt hours) to be: D
Question:
D = 77 + 0.43Q
Where Q refers to the sequential quarter number arid Q = 1 for winter 1986. In addition, the multiplicative seasonal factors are as follows:
Quarter Factor (Index)
Winter ........ .8
Spring ........ 1.1
Summer ....... 1.4
Fall .......... .7
Forecast energy use for the four quarters of 2011, beginning with winter.
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2011 is 25 years beyond 1986 Therefore the 2011 quarter n...View the full answer
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