Quarterly revenues for a national restaurant chain for afive-year period were as follows:
|
Quarter |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|
1 |
33 |
42 |
54 |
70 |
85 |
|
2 |
36 |
40 |
53 |
67 |
82 |
|
3 |
35 |
42 |
54 |
70 |
87 |
|
4 |
38 |
47 |
62 |
77 |
99 |
The estimated model for forecasting is:
Ft = 24.475 + 2.23125Qtr1t – 2.3125 Qtr2t -3.65625 Qtr3t + 3.34375 t
Forecast Year 6 Quarter 1 and Quarter 4Revenues.
SHOW ALL WORK PLEASE.
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