Time-series extrapolation to forecast retail sales

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Reference no: EM132222238

The course is Quantitive Research Methods and the book is Quantitive Analysis for Management (12 ed.) (Render, Stair, Jr., Hanna, & Hale, 2015). Boston, MA: Pearson.

Management of Davis’ 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 1.3, 0.9, 0.7, and 1.1, respectively. Compute a seasonalized or adjusted sales forecast. Please provide graphical detail and instruction.

Reference no: EM132222238

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