The trend equation for annual sales data (in millions of dollars) is = 65 + 2.5t,where t = 1 for 2011.The monthly seasonal index for December is 0.97.The forecasted sales' value for December of 2020 is:
A) 90.0
B) 7.28
C) 7.50
D) 7.69
Correct Answer:
Verified
Q122: The easiest way of measuring the long-term
Q127: If summer 2011 sales were $12,600 and
Q130: If summer 2011 sales were $16,800 and
Q132: The level of construction employment in West
Q133: Seasonal variations will not be present in
Q134: In determining monthly seasonal indexes for gas
Q138: The trend line
Q139: Forecasts based on trend and seasonality are
Q139: The results of a quadratic model
Q140: Which of the following will be reflected
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