Exhibit 11.5 The Following Questions Use the Data Below

question 76

Multiple Choice

Exhibit 11.5
The following questions use the data below.
A store wants to predict quarterly sales. The owner has collected 3 years of sales data and wants your help in analyzing the data using the multiplicative seasonal effects model.
-Refer to Exhibit 11.5. What formula should be entered in cell E7 to compute the remaining expected levels?

• A) =$J$3*(D7/F3) + (1-$J$3)*E6
• B) =$J$3*(D7/D6) + (1-$J$3)*E6
• C) =$J$4*(D7/D3) + (1-$J$4)*E6
• D) =$J$4*(D7/D6) + (1-$J$4)*E6

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Definitions:

Originator

The individual or entity that creates or initiates something, often used in financial contexts to refer to the original lender or issuer of a loan or financial instrument.

EFTA

Stands for the European Free Trade Association, which is a regional trade organization and free trade area consisting of European countries.

Stop Payment Order

An instruction to cancel the payment process of a check, draft, or another financial instrument before it has been cashed or deposited.

Untimely Death

refers to a death that occurs unexpectedly or prematurely, often due to accident, violence, or sudden illness.