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Quarterly Revenues (In $1,000,000's) for a National Restaurant Chain for a Five-Year

Question 41

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Quarterly revenues (in $1,000,000's) for a national restaurant chain for a five-year period were as follows: Quarterly revenues (in $1,000,000's) for a national restaurant chain for a five-year period were as follows: ​ a.Solve for the forecast equation that minimizes the sum of squared error. b.Forecast the four quarters of year 6. ​
a.Solve for the forecast equation that minimizes the sum of squared error.
b.Forecast the four quarters of year 6.

Correct Answer:

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a.Ȳt = 24.475 + 2.23125Qtr1t −...

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