Fitting a Linear Trend to 36 Monthly Data Points (January

question 66

Multiple Choice

Fitting a linear trend to 36 monthly data points (January 2011 = 1,February 2011 =2,March 2011 = 3,etc.) produced the following tables. The projected trend value for January 2014 is ________.

• A) 544.29
• B) 868.61
• C) 652.39
• D) 760.50
• E) 876.90

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Definitions:

Service Revenue

Income earned by a company through the provision of services to customers.

Owner's Capital

The amount of equity a business owner has invested in the firm or the net worth attributable to them, reflecting their financial stake.

Owner's Drawings

Owner's drawings refer to the withdrawal of cash or other assets from a business by the owner(s) for personal use, affecting the owner's equity account.

Chronological Order

The arrangement of events, dates, or actions in the order that they occurred or will occur, from earliest to latest.