Hudson Marine has been an authorized dealer for C&D marine radios for the past seven years. The number of radios sold each year is shown.
Hudson Marine has been an authorized dealer for C&D marine radios for the past seven years. The number of radios sold each year is shown.
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a. Graph this time series. Does a linear trend appear?
b. Develop the equation for the linear trend component for the time series.
c. Use the linear trend developed in part (b) to prepare a forecast for sales in year8.
Year Number Sold 35 50 75 90 105 10 130
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a Yes a linear trend appears to exist b The following values are nee... View full answer
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Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
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