Assume That the Current Date Is February 1, 2013 -The Actual Sales for February 2013 Were 43

question 14

Multiple Choice

Assume that the current date is February 1, 2013. The linear regression model was applied to a monthly time series data based on the last 24 months' sales. (from January 2011 through December 2012) . The following partial computer output summarizes the results.
$$\begin{array} { l c c } \text { Coeffficient } & \text { Estimate } & t \\\text { Intercept } & 4.3 & 2.07 \\\text { Slope } & 1.6 & 2.98\end{array}$$
-The actual sales for February 2013 were 43.7.What is the forecast error for February 2013?

• A)1.05
• B)2.2
• C)-2.2
• D)0.95
• E)4.84

---

Definitions:

Business Magazine

A publication focusing on topics related to the business industry, including trends, analysis, and profiles of companies and leaders.

Consumer Publication

A magazine or other publication that offers information and advice on consumer products and services.

Advertising Budget

The amount of money allocated towards advertising in order to promote a product, service, or brand.

Consumption Bundle

A collection or combination of various goods or services that an individual consumer purchases or consumes.