Forecast for month 6

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October 13, 2018 at 2:36 pm #477789
007julietta
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I had such question on exam ( I dont remember exactly numbers) as an example:
y=1500+580*x
What will be the forecast for the month 6 if for month 1 x=0
How to resolve it?
Nothing about it in BPP notes in the chapter forecasting, no one example
October 13, 2018 at 4:50 pm #477810
John Moffat
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This is just simple algebra, which is why there is no example in the BPP notes.

If for month 1, x = 0; then for month 2, x = 1; for month 3, x = 2, and so on.

So for month 6, x will be equal to 5, and therefore y = 1500 + (580 x 5) = 4,400.
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