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Indicate whether this statement is true or false.

TRUE

Business

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A company has developed a linear trend regression model based on 16 quarters of data. The independent variable is the measure of time (t = 1 thru 16 where quarter 1 is winter quarter, 2 is spring, etc.)

The company has also developed seasonal indexes for each quarter as follows: Winter Spring Summer Fall 1.20 1.00 0.70 1.10 The linear trend forecast equation is: y= 120 + 56t. Given this information, what is the seasonally unadjusted forecast for period 19? A) 1,064 B) 1,184 C) 828.80 D) 986.7

Business

Which of the following financial statements is unique to a production-oriented company?

a. Balance sheet b. Statement of cash flows c. Income statement d. Statement of cost of goods manufactured

Business