A company has the data shown in the chart below concerning its forecast performance over the past five time periods.

-Calculate the forecast demand for Period 2.
A)310
B)320
C)330
D)340
E)350

Question

A company has the data shown in the chart below concerning its forecast performance over the past five time periods.
 
-Calculate the forecast demand for Period 2.
A)310 
B)320 
C)330 
D)340 
E)350

Quizplus · Accepted Answer

The correct answer is A.The forecast demand for Period 2 is 310. This is because the forecast demand for Period 1 is 300, and the growth rate is 3%. Therefore, the forecast demand for Period 2 is 300 * (1 + 0.03) = 310.

A Company Has the Data Shown in the Chart Below