Question: 1 - ( 1 2 points ) The following equation summarizes the trend projection of quarterly sales of condos over a long cycle. Sales exhibit

1-(12 points) The following equation summarizes the trend projection of quarterly sales of condos over a long cycle. Sales exhibit seasonal variation. Using the information given, prepare seasoned forecast of sales for each quarter of next year (not this year).
Ft=40-6.5t+2t2, where Ft= Unit sales, t=1 is 1st quarter of last year
Assume seasonal relatives Q1=1.1,Q2=1.0, and Q3=0.6
Find Q4 seasonal relative: Seasonal relatives adds to the number of seasons;
Q4=4-(1.1+1.0-0.6)=1.3
Q1next year t=9,F9=40-6.5(9)+2(9)2=143.5, seasonally adj. =143.5**1.1=157.85
Q2 next year t=10,F10=40-6.5(10)+2(10)2=175.0, seasonally adj. =175.0**1.0=175.0
Q3 next year t=11,F11=40-6.5(11)+2(11)2=210.5, seasonally adj. =210.5**0.6=126.3
Q4 next year t=12,F12=40-6.5(12)+2(12)2=250.0, seasonally adj. =250.0**1.3=325.0
 1-(12 points) The following equation summarizes the trend projection of quarterly

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