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

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Definitions:

Maintenance

The process of preserving something’s condition or functionality through regular checkups, repairs, and necessary updates.

Massed

Pertaining to a practice schedule where tasks are performed in long, unbroken intervals without rest, contrasting with spaced practice.

Mnemonic

A device or technique used to aid memory, often through association of familiar concepts or a sequence of ideas.

Equipotentiality Hypothesis

The idea that any part of a certain brain area can carry out the functions of any other part of that area.