If month 21 has a seasonal factor of times 1.07, then what is the forecast for the month, using a multiplicative model?


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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