Exhibit 11.10 The Following Questions Use the Data Below

question 65

Multiple Choice

Exhibit 11.10
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using a quadratic trend model. The store has collected 12 quarters of data and needs your help to analyze the data. The relevant regression output is in the following table.
-Refer to Exhibit 11.10. What are predicted sales for the fourth quarter of year 4?

• A) 1170 ≤ predicted sales < 1175
• B) 1310 ≤ predicted sales < 1315
• C) 1460 ≤ predicted sales < 1465
• D) 1615 ≤ predicted sales < 1620

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Definitions:

December

The Gregorian calendar's final and twelfth month marks the end of the year.

Raw Materials

The basic materials that are processed or used to manufacture goods.

Cash Disbursements

Outflows of cash for expenses, acquisitions, and other payments made by a business during a specific period.

November

The eleventh month of the year in the Gregorian calendar.