Suppose a Firm Has Had the Historical Sales Figures Shown

question 17

Multiple Choice

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using regression to estimate a trend?
$$\begin{array} { c c c c c c c } \text { Year } & 2013 & 2014 & 2015 & 2016 & 2017 \\\text { Sales } & \$ 12,000,000 & \$ 11,800,000 & \$ 12,200,000 & \$ 12,400,000 & \$ 12,300,000\end{array}$$

• A) $12,000,000
• B) $12,140,000
• C) $12,300,000
• D) $13,100,000

---

Definitions:

Record Form

A standardized template or document used to collect and organize data systematically.

Behavior Rating Scale System

A method used to assess and document an individual's behaviors, attitudes, or skills, typically through observer ratings, often used in educational and clinical settings.

Student Rating Scales

Tools or instruments used to evaluate or assess students' performance, behavior, or attitudes, typically completed by teachers or peers.

Sociogram

A graphical representation that maps out the relationships within a group, often used to identify social dynamics and networks.