Question
Consider the monthly sales data for the following questions. You may need to use Paste Special > text to copy properly into Excel. Time, t
Consider the monthly sales data for the following questions.
You may need to use Paste Special > text to copy properly into Excel.
Time, t | Price = Yt |
1 | 5.80 |
2 | 5.87 |
3 | 5.79 |
4 | 5.96 |
5 | 5.96 |
6 | 6.51 |
7 | 6.41 |
8 | 6.43 |
9 | 6.56 |
10 | 6.56 |
11 | 6.87 |
12 | 7.39 |
13 | 7.63 |
14 | 7.62 |
15 | 7.50 |
16 | 7.73 |
17 | 8.10 |
18 | 8.16 |
19 | 8.18 |
20 | 8.13 |
Use the forecasting formula (trend line) to forecast month 21.
Use the rounded intercept and slope answers in part four to calculate your answer.
Round the answer to two decimal places.
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From the given information By using calculator Slope 01448 yintercept 54378 Hence ...Get Instant Access to Expert-Tailored Solutions
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Income Tax Fundamentals 2013
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