• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

BPP Black Friday sale! (28 Nov-1 Dec)

40% discount on all BPP books specially for OpenTuition students!
Get it here >>

P3 Exam December 2013 – Question 2

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › P3 Exam December 2013 – Question 2

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 16, 2016 at 4:23 am #300635
    Sophie
    Member
    • Topics: 6
    • Replies: 20
    • ☆

    Dear Sir,

    There is one paragraph in the answers of Question 2 that I could not understand:

    Using a ‘best guess’ approach, a trend value of 149 might be hypothesised for quarter 1 of 2013, giving a predicted value of 134·3 (149 – 14·7), just below the actual recorded value of 137. Predicted values would also be calculated for subsequent quarters. For example,
    based on a (hand drawn) trend value of 151, the predicted value for quarter 3 of 2013 would be 173·55 (151 + 22·55), which subjectively seems much more realistic than the 152·55 suggested by the least squares analysis.

    Could you provide a more detailed explaination what basis for the statement of “based on a (hand drawn) trend value of 151”. I could not firgue out why they choose 151.

    Thanks in advance.

    February 16, 2016 at 9:23 am #300655
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10617
    • ☆☆☆☆☆

    There is nothing special about 151. A hand drawn trend will be approximate. Something around 150 is as good as it gets.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Barroid on Activity Based Costing part 2 – ACCA Performance Management (PM)
  • mrjonbain on The nature and structure of organisations – ACCA Paper BT
  • unimkeabana on The nature and structure of organisations – ACCA Paper BT
  • Mahrukh on Risk and uncertainty (part 2) – ACCA (AFM) lectures
  • John Moffat on Depreciation Example 4 – ACCA Financial Accounting (FA) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in