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A car dealer uses the following trend equation to estimate the number of cars sold each quarter
Y = 120 + 3t
Where y = number of cars sold each quarter and t = time period expressed in units
What is the forecasted number of cars sold in period 12. if there is an additive seasonal factor of 55?
Suggested Answer: C
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27 comments · newest first
JO
Joseph
11 months ago
Just to clarify, the seasonal factor is added after the trend calculation.
VA
Valentin
11 months ago
Totally agree, 211 sounds right with the seasonal boost!
JE
Jesusita
11 months ago
Wait, are we sure about that? Seems high for a quarterly estimate.
BE
Beckie
12 months ago
So that means 156 + 55 = 211 cars sold!
JA
Janine
12 months ago
The equation gives Y = 120 + 3(12) = 156 before adding seasonal factor.
AM
Amalia
1 year ago
I feel like I’ve seen a similar question before, and I think the final answer should be 211 after adding the seasonal factor.
RU
Rupert
1 year ago
If I recall, Y would be 120 + 3 times 12, which gives us 156 before the seasonal adjustment.
KA
Katie
1 year ago
I remember something about adding the seasonal factor after finding Y, but I'm not sure how to do that correctly.
RO
Robt
1 year ago
I think we need to calculate Y first by plugging in t = 12 into the equation.
DE
Denise
1 year ago
Wait, I'm a little confused. Do we use the trend equation as-is, or do we need to modify it somehow to account for the seasonal factor? I want to make sure I understand this correctly before answering.
LI
Lilli
1 year ago
Okay, let me walk through this step-by-step. The trend equation is Y = 120 + 3t, and we need to find the value for t = 12. Then we add the seasonal factor of 55. I think I've got it, but I'll double-check my work.
DU
Dudley
1 year ago
Easy peasy! The trend equation gives us the base number of cars sold, and then we just add the seasonal factor of 55 to get the final answer. I'm confident I can nail this one.
EU
Eulah
1 year ago
Hmm, I'm a little unsure about how to incorporate the seasonal factor into the trend equation. Do I just add it to the final result or do I need to do something else?
RO
Robt
1 year ago
Okay, let's think this through step-by-step. The trend equation is Y = 120 + 3t, and we need to find the forecasted number of cars sold in period 12 with a seasonal factor of 55. I think I can handle this.
LA
Lashawn
1 year ago
Hmm, I'm not entirely sure about this one. I know Codex is used for code, but I'm not positive if that's the exact model GitHub Copilot uses. I'll have to think this through a bit more.
FR
Francis
1 year ago
This question seems straightforward, but I want to make sure I understand the requirements correctly before answering.
WY
Wynell
1 year ago
I'm feeling a bit lost on this one. The wording is a bit tricky, and I'm not totally sure which design role would be responsible for that specific task. I'll have to make an educated guess and hope for the best.
DA
Daniel
1 year ago
Hmm, I'm a bit unsure about this one. I'll need to carefully read through the options and think about the role of the Cisco ISE server in the authentication process.
SK
Skye
1 year ago
I remember studying the adjustments to retained earnings, but I think determining which ones to include is tricky. Was it option A that we shouldn't adjust for?
DO
Dorathy
2 years ago
I agree, the answer is A) 156.
MO
Mohammad
2 years ago
And with an additive seasonal factor of 55, the forecasted number of cars sold in period 12 would be 156.
BE
Beatriz
2 years ago
Right, so Y = 120 + 3(12).
DO
Dorathy
2 years ago
So, for period 12, t would be 12.
MO
Mohammad
2 years ago
Yes, the equation is Y = 120 + 3t.
BE
Beatriz
2 years ago
I think we need to use the trend equation to find the forecasted number of cars sold in period 12.
ON
Oneida
3 years ago
That's correct, considering the additive seasonal factor of 55.
GE
Georgene
3 years ago
The forecasted number of cars sold in period 12 is 156.