Mathematics · Time Series Forecasting
FTX Co has identified the trend line relating to its sales revenue as 2,000 + 25X, where X denotes the quarter number. The first quarter of 20X5 is represented by X = 13, the second quarter of 20X5 as X = 14, and so on. FTX Co uses a multiplicative model with the following seasonal variations: • Quarter 1: -20% • Quarter 2: -8% • Quarter 3: +4% • Quarter 4: +24% What is FTX Co's seasonally adjusted sales revenue forecast for the third quarter of 20X7?
- 1$2,678✓
- 2$2,574
- 3$2,470
- 4$2,346
Correct answer
$2,678
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