The linear trend equation = 120 + 4.8x has been developed, where = estimated sales

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The linear trend equation ŷ = 120 + 4.8x has been developed, where ŷ = estimated sales (thousands of dollars) and x = 1 for the year 1999. What level of sales would be forecast for 2013; for 2015?

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Introduction To Business Statistics

ISBN: 9781111524081

7th Edition

Authors: Ronald M. Weiers

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Question Posted: Sep 08, 2015 07:49 AM

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The linear trend equation = 120 + 4.8x has been developed, where = estimated sales

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For 2013 x 15 so the forecasted ...View the full answer

Introduction To Business Statistics

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