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