Hello, just doing some revision for the Exams in December.
I am working through the regression question which came up - December 2011 Q4.
In the acca standard answer there is a figure of $4.06m
("demand in the fourth quarter of 2011 (period 14) will be about $4.06m")
Please could you advise how this figure is calculated?
Thanks
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Dec 11 Question 4 - Help!
which paper is thisssssssssssssssss?????????????????????
Well, since its a P3 forum I thought tht would have been obvious!! Lol.
It is for the P3 paper.
12y ago#3y = 2.38 + 0.12x (given)
The fourth quarter of 2011 is period 14, so
y = 2.38 + 0.12 x 14 = 4.06
Thanks Gromit :)
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