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

question 53

Multiple Choice

The trend equation for quarterly sales data (in millions of dollars) for 2001-2005 is $=6.8+1.2 t$ , where t = 1 for the first quarter of 2001. The seasonal index for the third quarter of 2006 is 1.25. The forecast sales for the third quarter of 2006 is:

• A) 34.40.
• B) 27.52.
• C) 43.00.
• D) 35.65.

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Definitions:

Erik Erikson

A prominent psychologist known for his theory on psychosocial development, which outlines eight stages of human growth and development throughout the lifespan.

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