Quarterly sales of three years are below:
Exhibit 1
Quarter Year 1 Year 2 Year 3
1
923
1,112 1,243
2
1,056 1,156 1,301
3
1,124 1,124 1,254
4
992 1,078 1,198
Using the "quarterly seasonality with trend" model, the quarter1 forecast for year 5 is
a. 560
b. 980
c. 1431
d. 1092