Estimate the forecast of demand trend line


Assignment:

North Dakota Electric Company estimates its demand trend line (in millions of kilowatt hours) to be:

D= 77 +0.43Q

where Q refers to the sequential quarter number and Q=1 for winter of year 1. In addition, the multiplicative seasonal factors are as follows:

Quarter Factor (index)
winter .8
spring 1.1
summer 1.4
fall .7

Find the forecast of for the four quarters of year of 17.

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Microeconomics: Estimate the forecast of demand trend line
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