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CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 85 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 85
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

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?

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Suggested Answer: C

by Carli at Apr 21, 2024, 04:48 AM

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Dorathy
10 months ago
I agree, the answer is A) 156.
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Mohammad
10 months ago
And with an additive seasonal factor of 55, the forecasted number of cars sold in period 12 would be 156.
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Beatriz
10 months ago
Right, so Y = 120 + 3(12).
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Dorathy
10 months ago
So, for period 12, t would be 12.
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Mohammad
11 months ago
Yes, the equation is Y = 120 + 3t.
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Beatriz
11 months ago
I think we need to use the trend equation to find the forecasted number of cars sold in period 12.
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Oneida
11 months ago
That's correct, considering the additive seasonal factor of 55.
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Georgene
11 months ago
The forecasted number of cars sold in period 12 is 156.
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