The following table shows the sales data of server computers of Ziffcore Inc. for the past 5 years. The management plotted the data on a chart. The chart suggested that the sales appear to be increasing in a fairly predictable linear fashion and that the sales are related to time by a linear function
Y t =240+340t. Using simple linear regression, calculate the forecast for sales in year 6.
A) The forecast for sales in year 6 is more than 1800 but less than or equal to 2000.
B) The forecast for sales in year 6 is more than 2000 but less than or equal to 2200.
C) The forecast for sales in year 6 is more than 2200 but less than or equal to 2400.
D) The forecast for sales in year 6 is more than 2400 but less than or equal to 2600.
Correct Answer:
Verified
Q8: In the context of causal forecasting models
Q9: Moving average (MA) methods work best when:
A)
Q10: _is the difference between the observed value
Q11: In the context of demand planning, customers'
Q12: In the context of forecasting errors, _
Q14: If the time series in an exponential
Q15: _is a forecasting technique that uses a
Q16: The following table shows the sales
Q17: Judgmental forecasting relies upon historical data in
Q18: In the context of data patterns in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents