Posted by: Pdfprep
Post Date: February 19, 2021
CORRECT TEXT
Based on the past twenty months, an event decorating company develops a trend equation for forecasting sales revenue (y) where y = 4.38 + 1.32x.
If month 21 has a seasonal factor of times 1.07, then what is the forecast for the month, using a multiplicative model? Give your answer to two decima places.
Answer: 34.34
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