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5-33 Management of Davis's Department Store has used time-series extrapolation to forecast retail sales for the next four quarters. The sales estimates are \$100,000\$, 120,000\$, 140,000 and \$160,000 for the respective quarters before adjusting for seasonality. Seasonal indices for the four quarters have been found to be 1.30, 0.90, 0.70, and 1.10, respectively. Compute a seasonalized or adjusted sales forecast.

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Problem: 5-33 Management of Davis's Department Store has used time-series extrapolation to forecast retail sales for the next four quarters. The sales estimates are \$100,000\$, 120,000\$, 140,000 and \$160,000 ...

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The solution is very easy to understand and concise. It is an excellent response for students who want to understand the concepts and then use the same concepts to solve similar problems in the future. Overall, an excellent response. The solution provides the necessary steps which are easy to follow.

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