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

question 114

Multiple Choice

The trend equation for annual sales data (in millions of dollars) is $\tilde { y } _ { t }$ = 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

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