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

Question 4

Multiple Choice

The trend equation for annual sales data (in millions of dollars) is 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 = 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:

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