CIMA Exam CIMAPRA17-BA1-1 Topic 2 Question 96 Discussion

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

Question #: 96
Topic #: 2

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:

A-113968

B-113868

C-113768

D-113668

Show Suggested Answer

Suggested Answer: A

by Leontine at Sep 08, 2024, 05:09 PM

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Jutta

5 months ago

Wait, did they just throw in a random picture of a banana to throw us off? Jokes on them, I'm sticking with C) -113768 and winning this thing!

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Cecily

6 months ago

I think the answer is B) -113868 because we need to substitute x=2016 into the equation.

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Christene

6 months ago

Okay, let's see here... Trend equation, additive model, seasonal factor. Yep, C) -113768 is the one that makes the most sense. Time to show off my forecasting skills!

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Krystal

6 months ago

So, the forecast for year 2016 should be calculated using the equation and seasonal factor.

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Reita

6 months ago

I wonder if the exam question writer is trying to trick us with those options. But hey, I'm not falling for it - C) -113768 is the way to go!

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India

5 months ago

Let's go with C) -113768 for the forecast in 2016.

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Nelida

5 months ago

I agree, the other options seem too far off from the equation given.

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Alline

5 months ago

I think you're right, C) -113768 seems like the most logical choice.

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Ciara

6 months ago

Ah, the old 'trade balance and time' conundrum. Don't forget the seasonal factor, folks! I'm going with C) -113768 on this one. Easy peasy lemon squeezy.

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Slyvia

4 months ago

I agree with you, C) -113768 seems like the most logical choice. Let's go with that.

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Ahmed

5 months ago

I'm not sure about this one. Maybe D) -113668 is the right answer?

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Theodora

5 months ago

I'm going with A) -113968. Let's see if we can figure this out together.

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Christiane

5 months ago

I think the answer is B) -113868. That equation looks familiar.

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Martina

6 months ago

I believe we also need to consider the seasonal factor for the forecast.

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Cecily

6 months ago

Yes, it seems like we need to use that equation for forecasting.

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Tyisha

6 months ago

Hmm, this looks like a classic time series forecasting problem. The key is to plug in the right values into the equation. I think the answer is C) -113768.

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Keva

5 months ago

Great, let's go with C) -113768 for the forecast in year 2016.

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Catrice

5 months ago

Yes, that makes sense. Let's go with C) -113768.

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Marshall

6 months ago

I think the answer is C) -113768.

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Kimbery

6 months ago

I agree, the key is to plug in the right values into the equation.

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Krystal

6 months ago

I think the equation given is for the trade balance trend.

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Hubert

6 months ago

The trend equation clearly shows a linear relationship between trade balance and time. Using the additive forecasting model with the given seasonal factor, I'd say the answer is -113768.

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Delpha

6 months ago

Yes, I agree. The additive forecasting model with the seasonal factor points to -113768.

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Elin

6 months ago

I think the answer is -113768.

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