A company has recorded 12 months of sales data for the past year and has found the linear trend equation is = 286 + 64.9t.Based on this information,which of the following is the forecast for period 13?
A)3718
B)842.4
C)350.8
D)1129.7

Question

A company has recorded 12 months of sales data for the past year and has found the linear trend equation is  = 286 + 64.9t.Based on this information,which of the following is the forecast for period 13?
A)3718 
B)842.4 
C)350.8 
D)1129.7

Quizplus · Accepted Answer

To find the forecast for period 13, we need to substitute t=13 in the linear trend equation.

11ea694c_4e24_b1af_a4b1_5da6903c2eb3_TB2693_11 = 286 + 64.9(13)

= 286 + 843.7

= 1129.7

Therefore, the forecast for period 13 is 1129.7.

The correct answer is D.

A Company Has Recorded 12 Months of Sales Data for the Past