Following Equation Summarizes Trend Portion Quarterly Sales Condominiums Long Cycle Sales Q36001566

The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations Ft 54-4.4t 3.4t2 where Ft Unit sales O at the first quarter of last year Quarter Relative 1.10 1.10 .60 1.20 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. (Round intermediate calculations and final answers to 2 decimal places.) Quarter Forecast Show transcribed image text