Question: Raju Tech Sdn. Bhd. uses time series analysis to forecast production in order to improve the accuracy of their production budget for the year ending

Raju Tech Sdn. Bhd. uses time series analysis to forecast production in order to improve the accuracy of their production budget for the year ending 31 December 2022. The production units in each year have been rising in tandem with rising sales. Raju Tech has established the following relationship between production units (P) and the time period (Q), where Q is a quarter number: P = 3,000 + 6Q (trend) Q = 1 represents quarter 1 in 2021, Q = 2 represents quarter 2 in 2021, and so on

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