Problem 3 12 (Algo) The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle Sales also exhibit seasonal variations F t 58 4 8 t 3 8 t 2 where F t Unit sales t 0 at the first quarter of last year Quarter Relative 1 0 95 2 1 05 3 0 45 4 1 55 Click here for the Excel Data File 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 )

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Question: Problem 3-12 (Algo) The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. F

Problem 3-12 (Algo)

The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. F_t = 58 4.8t + 3.8t ² where F_t = Unit sales t = 0 at the first quarter of last year

Quarter	Relative
1	0.95
2	1.05
3	0.45
4	1.55

Click here for the Excel Data File

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.)

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