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Management of Davis's Department Store has used time-series extrapolation to forecast retail sales for the next four quarters. The sales estimates are $100,000, $120,000, $140,000 and $160,000 for the respective quarters before adjusting for seasonality. Seasonal indices for the four quarters have been found to be 1.30, 0.90, 0.70 and 1.10, respectively. Compute a seasonalized or adjusted sales forecast.

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Category:- Statistics and Probability
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