The linear trend forecasting equation for an annual time series containing 42 values (from 1998 to 2019)
Question:
The linear trend forecasting equation for an annual time series containing 42 values (from 1998 to 2019) on net sales (in $billions) is
a. Interpret the Y intercept, b0.
b. Interpret the slope, b1•
c. What is the fitted trend value for the tenth year?
d. What is the fitted trend value for the most recent year?
e. What is the projected trend forecast two years after the last value?
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a b c The Yintercept bo of 12 is the predicted mean sales in billions during ...View the full answer
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Related Book For 
Statistics For Managers Using Microsoft Excel
ISBN: 9780135969854
9th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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