Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. 20.24 xr20-24 the quarterly earnings (in $millions

20.24 Xr20-24 The quarterly earnings (in $millions) of a large soft-drink manufacturer have been recorded for...

90.2K

Verified Solution

Question

Statistics

20.24 Xr20-24 The quarterly earnings (in $millions) of a largesoft-drink manufacturer have been recorded for the years 2013–2016.These data are listed here. Compute the seasonal indexes given theregression line

y^=61.75+1.18t (t=1,2,...,16)

Year

2013 2014 2015 2016

Quarter

1 52 57 60 66

2   67 75 77 82

3   85 90 94 98

4  54 61 63 67

Use the seasonal indexes and trend line to forecast thequarterly earnings for the years 2014 and 2015 in Exercise 20.24(above)

Answer & Explanation Solved by verified expert
4.4 Ratings (744 Votes)
In this question please check the years because to forecastthe years the years should not be same ie if the year is2013201420152016 then the forecast years should be 2017 and 2018and if the forecast is 2014 and 2015 then the years should    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Civil Engineering
1.2K views

A branching pipe connects two storage tanks as shown in Figure Q3 below. Figure Q3 (a) Write...

Physics
1.2K views

An air-track cart with mass m1=0.28kg and initial speed v0=0.80m/s collides with and sticks to a...

Accounting
1.2K views

Question 1 The following balances have been extracted from the accounts of Peya, a sole trader, for...

Geometry
1.2K views

The United Nations stores statistics about all the live births in the United States. The...

Algebra
1.2K views

According to a recent Gallup Poll 18 of Americans believe that healthcare is the most...

Accounting
1.2K views

Question 12 (1 point) Process costing is applied to...

Accounting
1.2K views

Homework Your company makes chocolate products. You produce 2 products: chocolate powder and chocolate milk....

Accounting
1.2K views

Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the...

Accounting
1.2K views

Use the following selected accounts and amounts with normal balances from Juan Company's adjusted trial...

Finance
1.2K views

Consider the following information Rate of Return if State Occurs State of Economy Boom Good...

Finance
1.2K views

1 pts Question 9 Victor Victim hired the law firm, Dewey, Cheatem, & Howe, LLC,...

Accounting
1.2K views

Harris Company manufactures and sells a single product. A partially completed schedule of the companys...