12. 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, prepare a forecast of sales for each quarter of next year (not this year), and the first quarter of the year following that. F, 40-6.5t + 2r² where F₁ = Unit Sales t=0 at the first quarter of last year Quarter 1 2 3 4 Relative 1.1 1.0 .6 1.3

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12. 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, prepare a forecast of
sales for each quarter of next year (not this year), and the first quarter of the year following that.
F₁ = 40-6.5t +21²2²
where
F₁ = Unit Sales
t = 0 at the first quarter of last year
Quarter
1
2
3
4
Relative
1.1
1.0
.6
1.3
Transcribed Image Text:12. 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, prepare a forecast of sales for each quarter of next year (not this year), and the first quarter of the year following that. F₁ = 40-6.5t +21²2² where F₁ = Unit Sales t = 0 at the first quarter of last year Quarter 1 2 3 4 Relative 1.1 1.0 .6 1.3
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