Question: I need steps how to solve this question. The correct answer is at bottom To forecast demand we use a linear trend for the de-seasonalized

I need steps how to solve this question. The correct answer is at bottom

To forecast demand we use a linear trend for the de-seasonalized forecast and then we seasonalize with (quarterly) seasonal factors as follows:

Q₁: 0.8

Q₂: 1.1

Q₃: 1.4

Q₄: 0.7

The parameters of our linear trend are:

Intercept: 79

Slope: 218

Suppose the seasonalized forecast for the most recent quarter (which was the 2nd quarter of the calendar year) was for 3,710 units. What will the seasonalized forecast be for the next quarter? (Round to 2 decimal places.)

Correct Answer

5,027.02

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