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

Question

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

Quizplus · Accepted Answer

The Answer of 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

The Trend Equation for Annual Sales Data (In Millions of Dollars)is