CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 92 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 92
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?

A156

B101

C211

D139

Show Suggested Answer

Suggested Answer: C

by Taryn at Jul 10, 2024, 11:18 PM

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Antione

7 months ago

This question is a real car-astrophe! But I guess I'll have to put the pedal to the metal and solve it. Let's see... C) 211 looks like the winner to me. Now, where's that wrench to loosen up my thinking cap?

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Madalyn

6 months ago

Looks like we're all on the same page, C) 211 it is!

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Emogene

6 months ago

I agree, 211 sounds like the forecasted number of cars sold in period 12.

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Deandrea

6 months ago

I think you're right, C) 211 seems to be the correct answer.

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Charlene

7 months ago

So the forecasted number of cars sold in period 12 is 211. The answer is C.

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Yuette

7 months ago

That gives us Y = 120 + 36 + 55, which equals 211.

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Hobert

7 months ago

I can't believe they're asking us to do math on a car dealer exam. Next thing you know, they'll be quizzing us on how to change a tire! But I digress... C) 211 seems like the right answer to me.

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Leatha

7 months ago

Ah, the old car dealer's dilemma. Well, let's see... If the trend equation is Y = 120 + 3t, and we're in period 12, then the number of cars sold should be 120 + (3 * 12) = 156. Add the seasonal factor of 55, and we get 211. Bingo!

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Rana

7 months ago

Hmm, this seems straightforward. The trend equation is a linear function, and the additive seasonal factor needs to be accounted for. I'll go with C) 211.

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Paulene

5 months ago

Yes, C) 211 takes into account the additive seasonal factor.

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Karma

5 months ago

I agree, C) 211 seems like the right choice.

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Shawn

6 months ago

I think the correct answer is C) 211.

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Rolf

6 months ago

I think we're on the right track. C) 211 seems like the most logical choice given the trend equation and seasonal factor.

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Diego

7 months ago

I'm not sure about the additive seasonal factor, but I think C) 211 makes sense based on the trend equation.

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Tu

7 months ago

I agree, the trend equation is simple to follow. I also think the answer is C) 211.

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Herminia

7 months ago

The question is asking for the forecasted number of cars sold in period 12, and the trend equation gives the number of cars sold each quarter. The additive seasonal factor of 55 should be added to the result, so the answer must be C) 211.

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