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Assume that the current date is February 1, 2017. The linear regression model was applied to a monthly time series data based on the last
Assume that the current date is February 1, 2017. The linear regression model was applied to a monthly time series data based on the last 24 months' sales. (from January 2015 through December 2016). The following partial computer output summarizes the results.
Coeffficient | Estimate | t |
Intercept | 4.3 | 2.07 |
Slope | 1.6 | 2.98 |
Determine the predicted sales for this month. I am getting two different answers 42.7 or 45.9?
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