Question: The linear trend forecasting equation for an annual time series containing 20 values (from 1992 to 2011) on real total revenues (in millions of constant

The linear trend forecasting equation for an annual time series containing 20 values (from 1992 to 2011) on real total revenues

(in millions of constant 1996 dollars) is:

Yi = 23.2 + 4.8Xi ˆ

a. Interpret the Y intercept b0.

b. Interpret the slope b1.

c. What is the fitted trend value for the fifth year?

d. What is the fitted trend value for the most recent recorded year?

e. What is the projected trend forecast three years after the last recorded value?

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