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

F _t = 50 – 5. 1t + 3t ²

Where

F _t = unit sales

T = 0 at the first quarter of last year

Quarter Relative

1 ……………..1.1

2 ……………..1.0

3 ……………….6

4 ………………1.3

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.)

Quarter …………. Forecast

1 ……………………. _______

2 ……………………. _______

3 …………………… _______

4 ………………….. _______

1…………………… _______

Answer rating: 100% (QA)

Quarter Forecast 1 1... View the full answer