Question: You have been given data that represents sales in (thousands of dollars) for Superlative Online Grocery Inc., a relatively new firm offering online shopping services

You have been given data that represents sales in (thousands of dollars) for Superlative Online Grocery Inc., a relatively new firm offering online shopping services in Superlative. The company wants to use the partial Excel Summary Output and the Time Series data below to develop a regression equation and use seasonal indexes to estimate their sales. Note: time period (t=1, 2, 3, ...)



Coefficients

Standard Error

t Stat

P-value

Intercept

59.3

2.740408694

17.99002

4.49643E-11

t

0.257

0.28340632

0.731645

0.47645435









Quarter

Sales

t


y/Y-hat

Year 1

Q1

58


59.557

0.974


Q2

62


59.814

1.037


Q3

56


60.071

0.932


Q4

67


60.328

1.111

Year 2

Q1

57


60.585

0.941


Q2

61


60.842

1.003


Q3

56


61.099

0.917


Q4

70


61.356

1.141

Year 3

Q1

59


61.613

0.958


Q2

61


61.870

0.986


Q3

57


62.217

0.917


Q4

68


62.384

1.090

Year 4

Q1

58


62.641



Q2

60


62.898



Q3

56


63.155



Q4

71


63.412



Required:


    1.  
    2.  Calculate the seasonal indexes to three decimal places, show your calculations. 
    3.  
    4. Forecast the sales in quarter 2 of year 5.

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