Refer to Exercise 20.23. Use the seasonal indexes and the trend line to forecast the time series

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Refer to Exercise 20.23. Use the seasonal indexes and the trend line to forecast the time series for the next four quarters.

In exercise 20.23

Given the following time series, compute the seasonal indexes. The regression equation is

yÌ‚ = 47.7 ˆ’ 1.06t (t = 1, 2, . . . , 20)

Year Quarter 55 44 46 39 2 4 3 41 38 37 43 39 39 35 36 32 30 25 50 25 24 22 2 3 4 2.

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