The Linear Trend Model, _t = 660 + 2t

question 11

Multiple Choice

The linear trend model, _t = 660 + 2t starting with t = 1, for seasonally adjusted monthly sales was estimated using monthly data from for five years. Furthermore, the seasonal index for October was found to be 0.92. Which of the following is the forecast for the month of October next year?

• A) 660
• B) 800
• C) 736
• D) 749

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Definitions:

Mental Imagery

A cognitive process where an individual visualizes or simulates ideas or scenarios in their mind, often used in problem-solving and creativity.

Self-monitoring

The ability of an individual to regulate their behavior to meet social norms or expectations, often modifying conduct based on the context or situation.

Job Enrichment

A human resource management strategy aimed at enhancing job satisfaction and performance by incorporating motivational factors into job design, such as more challenging work and increased decision-making authority.

Positive Self-talk

A practice of routinely affirming oneself with constructive and encouraging inner dialogues to foster self-confidence and positive perspectives.