Multiple Choice
Demand for soccer balls at a new sporting goods store is forecasted using the following regression equation: Y = 98 + 2.2X where X is the number of months that the store has been in existence.
Let April be represented by X = 4.April is assumed to have a seasonality index of 1.15.What is the forecast for soccer ball demand for the month of April (rounded to the nearest integer) ?
A) 123
B) 107
C) 100
D) 115
Correct Answer:
Verified
Correct Answer:
Verified
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