Forecasting the sales, The trend in a company's sales figures can be described by the, Managerial Accounting

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Forecasting the sales

Response to the following problem:

The trend in a company's sales figures can be described by the linear regression equation y = 780 + 4x, where x is the month number (with January 20X3 as month 0) and y is sales in thousands of pounds. The average seasonal variation for March is 106%.

Required

Forecast the sales for March 20X5.

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Managerial Accounting: Forecasting the sales

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