You work as an analyst for a real estate firm in Dallas, Texas. Over the last...

 

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You work as an analyst for a real estate firm in Dallas, Texas. Over the last three years, the sales of homes in the local market have been increasing dramatically. However, home sales tend to follow a quarterly seasonal pattern, making forecasting future home sales difficult. You have been tasked with forecasting home sales in the future. Using the information from the table below, make a forecast for housing demand in all 4 quarters for Dallas during the 4th year. The total demand for the 4th year should be 2500 units. I Year 1 Year 2 Year 3 Year 4 Q1-Spring 287 359 449 Q2-Summer 352 440 550 Q3-Fall 416 520 650 Q4-Winter 313 391 489 Total 1368 1710 2138 You work as an analyst for a real estate firm in Dallas, Texas. Over the last three years, the sales of homes in the local market have been increasing dramatically. However, home sales tend to follow a quarterly seasonal pattern, making forecasting future home sales difficult. You have been tasked with forecasting home sales in the future. Using the information from the table below, make a forecast for housing demand in all 4 quarters for Dallas during the 4th year. The total demand for the 4th year should be 2500 units. I Year 1 Year 2 Year 3 Year 4 Q1-Spring 287 359 449 Q2-Summer 352 440 550 Q3-Fall 416 520 650 Q4-Winter 313 391 489 Total 1368 1710 2138