A clothes retailer has estimated a linear trend equation including trend, seasonal and cyclical components to forecast its sales for the next four quarters Which of the following factors would generate actual sales figures that are likely to differ markedly from the forecast?
The Lingford Miracle Association is a registered charity. It is closely associated with Lingford General Hospital. The charity has a number of goals.
Which of the following could potentially be goals set out by the Lingford Miracle Association given the information about the organisation that has been outlined?
RubTech has decided to build a new rubber production facility just outside the semi-rural town of Pettisbury. The majority of workers at the plant are to be sourced from abroad.
Which of the following could potentially be negative externalities of the decision to build the production facility?
A commercial airline uses its database to develop the following regression model to predict the cost of a flight Y (in dollars) by number of passengers:
Y = 1,570 +40 7x
Which of the following statements is correct in relation to the airline'?
Mrjohnson, the managing director of Brilliant Buys, wants to plot the cumulative sales figures for each store nationwide over the course of a year on a graph. The sales by store are shown below:
If these figures were plotted on an ogive, what would the line of cumulative frequency look like?
The graph shows house prices in Lingford, a large urban town in a prosperous region.
Which of the following would be the equilibrium price for houses in Lingford?
The component bar chart displaying sales revenues for different types of product sold by Pills Pharmaceuticals shows that the poorest performing products are its medical devices.
Which of the following may be reasons for this?
Select ALL that apply.
West Morton Rail has calculated that the number of passengers travelling on their railway increases during school holidays, while the inverse is true for most other railways in the country.
Which of the following is the most likely reason for this unusual correlation?
The management of Pennyfarthing's Toy Bazaar requires financial advice, but is unsure of which type of bank to approach to acquire this. The company receives a profit of £1,000,000 a year, and currently operates in
Europe and North America.
Which of the following reasons explains why Pennyfarthings Toy Bazaar should use a wholesale bank?
Pills Pharmaceuticals have compiled a component bar chart detailing the proportion of sales revenue the organisation receives from the sale of three groups of products: medical devices, contraceptives and day-to-day or prescription drugs.
In Month 2, which was the most profitable type of product?
