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CIMAPRA17-BA1-1 Exam - Topic 1 Question 57 Discussion

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 -1.47xwhere 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:
A) -113968
B) -113868
C) -113768
D) -113668

CIMAPRA17-BA1-1 Exam - Topic 1 Question 57 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 57
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

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:

Show Suggested Answer Hide Answer
Suggested Answer: A

by Nana at Aug 21, 2022, 05:06 PM

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Eve
8 months ago
Not sure about that seasonal factor, feels off to me.
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Yolande
8 months ago
-113868 seems right based on the calculations.
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Ryan
8 months ago
Wait, how do we even know the seasonal factor is accurate?
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Gail
8 months ago
I think it's definitely option B!
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Eulah
8 months ago
The equation shows a negative trend in trade balance.
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Wava
9 months ago
I feel like the seasonal factor is crucial, but I can't remember if it gets added or multiplied. I hope I get it right!
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Hollis
9 months ago
I think we just need to plug in the year into the equation and then add the seasonal factor, but I can't recall the exact steps.
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Rose
9 months ago
The equation seems straightforward, but I keep mixing up the values for x. Is 2016 x=10 or x=11?
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Moon
9 months ago
I remember we practiced similar questions on trade balances, but I'm not sure how to apply the seasonal factor here.
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Alita
9 months ago
I'm a little confused by the wording of this question. The options all seem related to security testing, but I'm not sure which one best fits the description. I'll have to re-read it a few times and see if I can figure it out.
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Audry
9 months ago
I'm not entirely confident about this, but I'm leaning towards option C. It seems to best describe the core aspect of Issues Management.
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