Company Hires You to Develop a Linear Regression Forecasting Model

question 76

Multiple Choice

company hires you to develop a linear regression forecasting model.Based on the company's historical sales information,you determine the intercept value of the model to be 1,200.You also find the slope value is minus 50.If after developing the model you are given a value of X = 10,which of the following is the resulting forecast
Value using this model?

• A)- 1,800
• B)700
• C)1,230
• D)1,150
• E)12,000

---

Definitions:

Cost of Inputs

The total expenses incurred to acquire resources necessary for the production of goods or services.

Tech IQ

A measure of an individual's ability to understand, utilize, and adapt to technology effectively.

Task Accomplishment

The successful completion or achievement of a specific task, action, or job as defined by predetermined standards or objectives.

Job Satisfaction

The level of contentment individuals feel with their job, which can influence their motivation, performance, and likelihood to remain in the position.