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A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: Year Attendance Four Years ago 10,000
A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:
Year | Attendance |
Four Years ago | 10,000 |
Three Years ago | 12,000 |
Two Years ago | 18,000 |
Last Year | 20,000 |
What is this year's forecast using the linear trend line for these data?
(Hint: Treat the value from four years ago as period 0, three years ago as period 1, etc.)
21,000 | ||
22,000 | ||
24,000 | ||
20,000 | ||
23,000 |
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