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The time series plot below represents data for lending ($m) in Australia for a 3 year period from Sep-13 to Aug-16 (36 monthly observations) Lending
The time series plot below represents data for lending ($m) in Australia for a 3 year period from Sep-13 to Aug-16 (36 monthly observations) Lending 55000 53000 51000 49000 47000 45000 43000 41000 39000 37000 35000 Aug 13 Mar-14 Sep-14 Apr 15 Oct-15 May 16 If you were given a linear trend equation for the lending data which was (T = 40, 684 +342.32*t) where t = time and for Sep-13, t=1 then the forecast for Sep-16 with the linear trend equation would be closest to [Press CTRL and "." to see the whole table by reducing the font size. Press CTRL and "+"to restore the font size] 350W Aug-13 Mar 14 Sep-14 Apr 15 Oct-15 May-16 If you were given a linear trend equation for the lending data which was (T = 40, 684 + 342.32 t) where t = time and for Sep-13, t=1 then the forecast for Sep-16 with the linear trend equation would be closest to [Press CTRL and "-" to see the whole table by reducing the font size. "" Press CTRL and "+" to restore the font size) Select one: O a. 52,713.35 O b. 53,388.17 O c. 53,350.38 O d. 52,832.55 O e, Cannot be determined from the information given
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