Question
Using regression software the estimated linear trend model is Sales = 1322 + 50.7x where x is the number of quarters elapsed since the beginning
Using regression software the estimated linear trend model is
Sales = 1322 + 50.7x
where x is the number of quarters elapsed since the beginning of the series. Based on this equation, we estimate that on average sales increase by
Question options:
50.7 million dollars per year.
1322 million dollars per quarter.
1372.7 million dollars per quarter.
50.7 million dollars per quarter
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Elementary Algebra
Authors: Jerome E Kaufmann, Rosemary Karr, Karen L Schwitters, Marilyn Massey, R David Gustafson
10th Edition
1305161769, 9781305161764
