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8 November, 20:53

A manager uses the following equation to predict monthly receipts: Yt = 40,000 + 150t. What is the forecast for April of Year 2019 if t = 0 in January of Year 2019 and seasonal factor for April is SApril = 1.10?

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  1. 8 November, 21:15
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    Answer is $40450.

    Explanation:

    T indicates month here. If January is 0, April would be the third month so t will be 3.

    Forecast for April = 40000 + 150*3 = $40450
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