The following equation summarizes the trend portion of quarterly sales of condominiums over a long...
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Accounting
The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Ft = 52 4.2t + 3.2t2 where Ft = Unit sales t = 0 at the first quarter of last year
Quarter
Relative
1
1.00
2
1.00
3
.50
4
1.50
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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