Question
HELP PLEASE a city's budget director needs to estimate the city's cash requirements for the first quarter of 2014. a trend equation based on the
HELP PLEASE
a city's budget director needs to estimate the city's cash requirements for the first quarter of 2014. a trend equation based on the years 2002 - 2013 is y = 1000 + 130x, where y represents the city's cash requirements and x represents the year, where x = 0 in 2002. seasonal influences on cash requirements are summarized by an index number that equals 110% for the first quarter. assuming no cyclical variability in cash needs exist; forecast the cash requirements for the first quarter of 2014, rounded.
the forecast would be 9309
the forecast would be 582
the forecast would be 668
the forecast would be 704
none
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