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

question 78

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,what is the value of RMSE? [Hint: Round the forecast values to 3 decimal places.]

• A)1,014,031.75
• B)818.73
• C)1,006.99
• D)16.51

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Definitions:

Cost Center

A function or department within an organization that does not directly add to profit but still incurs costs, such as HR or customer service departments.

Controllable Margin

A measure of profitability that focuses on the income and expenses directly controlled by a manager or business unit, excluding fixed costs.

Fixed Costs

Expenses that do not change with the level of production or sales activities over a relevant period.

Contribution Margin

The difference between sales revenue and variable costs, indicating the amount contributed towards covering fixed costs and generating profit.