Demand for a Certain Product Is Forecast to Be 800

question 27

Multiple Choice

Demand for a certain product is forecast to be 800 units per month, averaged over all 12 months of the year. The product follows a seasonal pattern, for which the January monthly index is 1.25. What is the seasonally-adjusted sales forecast for January?

• A) 640 units
• B) 798.75 units
• C) 801.25 units
• D) 1000 units
• E) 88.33 units

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Definitions:

Empiricism

The theory that knowledge originates from experience and that evidence from the senses is a primary source of knowledge.

Structuralism

A theory in psychology and sociology focusing on the components of mental processes, societies, and other phenomena.

Psychiatry

A branch of medicine dealing with psychological disorders; practiced by physicians who sometimes provide medical (for example, drug) treatments as well as psychological therapy.

Cognitive Neuroscience

The study of the neural mechanisms underlying cognition, focusing on the neural connections involved in mental processes.