Quarterly revenues (in $1,000,000's)for a national restaurant chain for a five-year period were as follows: $$\begin{array} { c c c c c c }
\text { Quarter } & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } & \text { Year } 5 \
\hline 1 & 33 & 42 & 54 & 70 & 85 \
2 & 36 & 40 & 53 & 67 & 82 \
3 & 35 & 42 & 54 & 70 & 87 \
4 & 38 & 47 & 62 & 77 & 99
\end{array}$$
a.Solve for the forecast equation that minimizes the sum of squared error.
b.Forecast the four quarters of year 6.

Question

Quarterly revenues (in $1,000,000's)for a national restaurant chain for a five-year period were as follows: $$\begin{array} { c c c c c c } 
\text { Quarter } & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } & \text { Year } 5 \
\hline 1 & 33 & 42 & 54 & 70 & 85 \
2 & 36 & 40 & 53 & 67 & 82 \
3 & 35 & 42 & 54 & 70 & 87 \
4 & 38 & 47 & 62 & 77 & 99
\end{array}$$ 
a.Solve for the forecast equation that minimizes the sum of squared error.
b.Forecast the four quarters of year 6.

Quizplus · Accepted Answer

The Answer of Quarterly revenues (in $1,000,000's)for a national restaurant chain for a five-year period were as follows: $$\begin{array} { c c c c c c } 
\text { Quarter } & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } & \text { Year 4 } & \text { Year } 5 \
\hline 1 & 33 & 42 & 54 & 70 & 85 \
2 & 36 & 40 & 53 & 67 & 82 \
3 & 35 & 42 & 54 & 70 & 87 \
4 & 38 & 47 & 62 & 77 & 99
\end{array}$$ 
a.Solve for the forecast equation that minimizes the sum of squared error.
b.Forecast the four quarters of year 6.

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