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Use the data given below to answer the following question(s) .
The table below shows the industrial lathe sales from the years 2000-2005.The forecaster uses the regression method to determine the forecast for the future.
-For the data given above,calculate the forecast value for the year 2006.
Minimum Wage
The lowest legal wage that can be paid to most workers, set by law or statute, aimed at protecting the economic well-being of workers.
Fair Compensation
Adequate payment for work performed, ensuring workers receive equitable wages that reflect their contributions and living needs.
Riskiness of Jobs
The measure of the probability and severity of adverse effects (such as accidents or occupational diseases) associated with a job or profession.
Minimum Wage Law
Legislation that sets the lowest hourly wage rate that an employer can legally pay their employees, aiming to ensure a basic standard of living for workers.
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