Answer to Question #74414 in Microeconomics for zulfiqar

Question

Based on quarterly data from 1995:I to 1998:IV, MTR Foods estimates that potato chip sales can be projected using the equation S, = 50,00,000 + 1,00,000t where 1995:I is period 1. Actual fourth-quarter sales in thousands were as follows:
1995 5,450
1996 5,860
1997 6,270
1998 6,680
a. Project sales for the first three quarters of 1999.
b. Without using a seasonal adjustment,Project sales for 1999:IV.
C.Project Seasonally adjust sales for 1999: IV

Answer 1

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