Use the Data Given Below to Answer the Following Question(s)

question 98

Multiple Choice

Use the data given below to answer the following question(s) .
The table below shows the industrial lathe sales from the years 2000-2005.The forecaster uses the regression method to determine the forecast for the future.
-For the data given above,calculate the forecast value for the year 2006.

• A)approximately 5,699 units
• B)approximately 5,322 units
• C)approximately 4,945 units
• D)approximately 6,453 units

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Definitions:

Buyer/Lessee

An individual or entity that purchases or leases goods or property from another party under agreed-upon terms.

Common Law Rule

A principle or rule established in previous legal cases that is either binding on or persuasive for a court or other tribunal when deciding subsequent cases with similar issues or facts.

Perfect Tender Rule

A legal principle that requires the delivery of goods to be exactly as specified in the contract without any deviations or defects.

Conforming Goods

Products that meet the specifications and standards outlined in a purchase contract.