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The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Ft = 50 − 4t + 3t 2 where Ft = Unit sales t = 0 at the first quarter of last year Quarter Relative 1 .90 2 .90 3 .40 4 1.20 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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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93079316

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