A company has recorded the 12 months of sales data for the past year. It wishes to use the regression approach to develop a trend-based approach for forecasting future months. The following data are provided: Based on this information, which of the following is forecast for month 15?
A) Approximately 692
B) About 596
C) Just over 825
D) None of the above

Question

A company has recorded the 12 months of sales data for the past year. It wishes to use the regression approach to develop a trend-based approach for forecasting future months. The following data are provided:  Based on this information, which of the following is forecast for month 15?
A) Approximately 692 
B) About 596 
C) Just over 825 
D) None of the above

Quizplus · Accepted Answer

The Answer of A company has recorded the 12 months of sales data for the past year. It wishes to use the regression approach to develop a trend-based approach for forecasting future months. The following data are provided:  Based on this information, which of the following is forecast for month 15?
A) Approximately 692 
B) About 596 
C) Just over 825 
D) None of the above

A Company Has Recorded the 12 Months of Sales Data