Suppose a Firm Has Had the Historical Sales Figures Shown

question 42

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?
$$\begin{array} { r c c c c c c } \text { Ye:r } & 2013 & 2014 & 2015 & 2016 & 2017 \\\text { Sales } & \$ 800,000 & \$ 810,000 & \$ 825,000 & \$ 835,000 & \$ 850,000\end{array}$$

• A) $850,000
• B) $860,000
• C) $924,000
• D) $874,000

---

Definitions:

Retirement Fund

A Retirement Fund is a pool of funds contributed by employees, employers, or both for the future financial security of retirees.

Withdrawals

The act of taking money out of an account which can affect the account balance and interest calculations.

Monthly Payments

Regular payments made every month, commonly associated with loans, mortgages, or subscription services.

Loan

A sum of money that is borrowed, typically from a financial institution, which is expected to be paid back with interest.