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Trend portion of quarterly sales of condominiums

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1. The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Using the information given, forecast of sales for each quarter of next year (not this year), and the first quarter of the year following that.

= 40 - 6.5t + 2t^2
where
=Unit Sales
t=0 at, the first quarter of last year

Quarter Relative
1 1.1
2 1.0
3 .7
4 1.2

Reference no: EM132629817

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