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The Following Output Is Provided for a Linear Trend Regression-Based

question 37

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The following output is provided for a linear trend regression-based forecasting model based on 12 months of data: The following output is provided for a linear trend regression-based forecasting model based on 12 months of data:   Suppose that the actual sales for months 13-15 are: 720, 680, 800. Given this, which of the following is the forecast bias value for months 13-15? A)  Approximately 77.7 B)  Approximately 233.2 C)  About -56.8 D)  Just under 80 Suppose that the actual sales for months 13-15 are: 720, 680, 800. Given this, which of the following is the forecast bias value for months 13-15?

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Definitions:

Financial Statement

Reports outlining the financial standing of a business, incorporating the balance sheet, income statement, and cash flow statement.

Permanent/Temporary

Classification of accounts where permanent accounts (real accounts) represent ongoing items that are not closed at the end of the accounting period, whereas temporary accounts (nominal accounts) are closed.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal, ensuring accuracy of the figures.

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