answerseach additional bankruptcy decreases ones credit score B u s i n e s s F i n a n c e

answerseach additional bankruptcy decreases ones credit score B u s i n e s s F i n a n c e

I’m working on a business multi-part question and need an explanation and answer to help me learn.

Problem 1

Target, Inc has developed a sales forecasting model based on twenty years of data. The model forecasts quarterly sales. The model is

Y’ = 7X + 120

Sales are measured in millions, so \$10 million was recorded as a 10. Quarters were coded1 to 80. Seasonality indices for the four quarters are

I -> .90, II -> 1.00, III -> .80, and IV -> 1.30

1- What is the estimated sales for the 3rd quarter of the 21st year. Round to nearest million.

Does any season lack a seasonal effect (Y/N)

3- What is the average annual growth in Target sales?

7 million

Y’ = -20 ( %Credit Used) + 3 (Age) – 8 (Late payments) – 100 (Bankruptcy) + 1175

1-Estimate the average credit score for individuals who have utilized 25 percent of their credit, have a 20-year history of credit, have 1 late payment over the last 2 years and have not had a bankruptcy. Round to nearest whole number

2-The correct interpretation for the coefficient associated with bankruptcy is