The Demand for a Product for the Last Six Years

question 4

Multiple Choice

The demand for a product for the last six years has been 15,15,17,18,20,and 19.The manager wants to predict the demand for this time series using the following simple linear trend equation: tr_t = 12 + 2t.What are the forecast errors for the 5^th and 6^th years?

• A)0,-3
• B)0,+3
• C)+2,+5
• D)-2,-5
• E)-1,-4

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Definitions:

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a manual published by the American Psychiatric Association for diagnosing mental conditions.

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Axis IV

A classification used in previous versions of the Diagnostic and Statistical Manual of Mental Disorders (DSM) to identify psychosocial and environmental problems relevant to the diagnosis, treatment, and prognosis of disorders.

Personality Disorder

A type of mental disorder marked by rigid and unhealthy patterns of thinking, functioning, and behaving, which significantly impair social, work, and interpersonal functioning.