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  3. the following equation summarizes the trend portion of quarterly sales...

Question: the following equation summarizes the trend portion of quarterly sales...

Question details

The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations.

Ft = 68 − 5.8t + 4.8t 2
  

where
Ft = Unit sales
t = 0 at the first quarter of last year

Quarter Relative
1 1.10
2 1.05
3 .60
4 1.25


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.)

Quarter Forecast
1
2
3
4
1
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