Problem on forecasting, An Electric Company estimates its

Problem on forecasting

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Reference no: EM13107773

An Electric Company estimates its demand trend line (in millions of kilowatt hours) to be D = 79 + 0.52 Q, where Q refers to the sequential quarter number and Q=1 for winter 2000. In addition, the multiplicative seasonal factors are as follows:

Quarter	Index
Winter	0.8
Spring	2.2
Summer	2.1
Fall	0.7

Forecast energy use for Spring of 2,008. Specify as a whole number by rounding.

Reference no: EM13107773

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