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A company took to linear regression analysis to estimate their sales for the coming year. Based on past sales, the company obtained the following equation
A company took to linear regression analysis to estimate their sales for the coming year. Based on past sales, the company obtained the following equation in the format Y = a +bX: Y = 0.5x + 20 (units in millions). If the equation was for the 10th period in the series, what would the estimate be for the coming year (period 11)? A. R19.5 million B. R20.0 million C. R25.0 million D. R25.5 million
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