Demand for Soccer Balls at a New Sporting Goods Store

question 101

Multiple Choice

Demand for soccer balls at a new sporting goods store is forecasted using the following regression equation: Y = 98 + 2.2X where X is the number of months that the store has been in existence.Let April be represented by
X = 4.April is assumed to have a seasonality index of 1.15.What is the forecast for soccer ball demand for the month of April (rounded to the nearest integer) ?

• A)123
• B)107
• C)100
• D)115
• E)None of the above

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Definitions:

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A standard way of writing equations that enables the comparison of coefficients.