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Based on a trade balance between Country A and Country B over a ten year period, the underlying trend of the trade balance is represent equation
-114.027 -1.47x
where x is the time period expressed in years.
Assuming an additive forecasting model, with a seasonal factor of 82 6, then the forecast for year 2016, in whole units is:
Suggested Answer: A
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15 comments · newest first
AN
Angelyn
11 months ago
Totally agree, -113868 seems right to me!
BR
Brynn
11 months ago
Wait, how can we trust this model? Seems off.
PA
Paris
11 months ago
Forecasting for 2016 looks like -113868.
AD
Adelina
12 months ago
I think the seasonal factor is a bit high.
ER
Erinn
12 months ago
The equation shows a negative trend in trade balance.
WI
Wilda
1 year ago
I think the seasonal factor of 82.6 needs to be added to the trend value after calculating it. I just hope I remember the steps correctly!
SU
Sueann
1 year ago
If I recall correctly, x should be 6 for 2016 since we start counting from 2010. I hope I got that right!
RE
Reita
1 year ago
The equation looks familiar, but I’m a bit confused about how to calculate the forecast for 2016. I think I need to plug in the right value for x.
NA
Nada
1 year ago
I remember we practiced a similar question about trade balances, but I’m unsure how to apply the seasonal factor here.
KE
Kenneth
1 year ago
Alright, I think I've got this. The key is to plug the time period (x = 2016) into the trade balance equation, then add the seasonal factor of 82 6. Let me work through the math and see which answer choice matches my result.
JO
Joanna
1 year ago
Hmm, the trade balance equation makes sense, but I'm a bit confused about how the seasonal factor of 82 6 comes into play. I'll need to think through the logic of the forecasting model to figure out the right approach.
RI
Rikki
1 year ago
This looks like a tricky one. I'm not sure I fully understand the additive forecasting model and how to apply the seasonal factor. I'll need to review my notes and try to work through it step-by-step.
WI
Wilda
1 year ago
Okay, let's see. The question is asking for a forecast for year 2016 based on a trade balance equation and a seasonal factor. I'll need to plug in the values and do the calculation to find the answer.
CA
Carrol
1 year ago
I'm a bit confused on this one. I don't recall learning about the different probe origins for custom user monitors. Guess I'll have to make an educated guess.
LI
Ling
1 year ago
I'm a little confused by the wording of this question. Can someone help me understand what the sn_vul.itsm_popup property is and how it relates to the customer's preference for a popup when creating a Problem or Change record?