Exhibit 11.12 The Following Questions Use the Data Below

Multiple Choice

Exhibit 11.12
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using a seasonal regression model. The store has collected 12 quarters of data and needs your help to analyze the data. The relevant regression output is provided in the following table.
-Refer to Exhibit 11.12. What are predicted sales for the first quarter of year 4?

A) 1155 ≤ predicted sales < 1160
B) 1065 ≤ predicted sales < 1070
C) 1410 ≤ predicted sales < 1415
D) 1635 ≤ predicted sales < 1640