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

question 10

Multiple Choice

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

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Definitions:

Reporting Tests

Procedures or checks utilized to ensure financial information is accurate, complete, and in compliance with regulations.

Quantitative Thresholds

Fixed numerical limits or criteria used to trigger certain actions or classify objects in financial and statistical contexts.

Operating Segments

Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-maker in deciding how to allocate resources and in assessing performance.

Reportable

Information or data that must be disclosed or submitted as required by law, regulations, or organizational policies.