The Trend Forecast Equation Is Ŷ = 50 + 420t

question 56

Multiple Choice

The trend forecast equation is Ŷ = 50 + 420t. The next forecast is for period 10. The typical seasonal index for period 10 is 0.82. What are the forecast sales for period 10?

• A) 4,200
• B) 4,250
• C) 4,000
• D) 3,485

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Definitions:

Assent

Agreement to the terms of an offer in contract law, which is a necessary component of contract formation.

Consumer Transaction

A commercial interaction between a seller and a consumer, often involving the purchase and sale of goods or services.

Breach of Contract

The failure to fulfill the terms of an agreement, which can lead to legal action and the imposition of damages to remedy the breach.

Sale of Goods Act

A statute that governs the sale of goods, providing rights to buyers and obligations to sellers, including aspects like quality and title.