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A company has recorded the 12 months of sales data for the past year.It wishes to use the regression approach to develop a trend-based approach for forecasting future months.The following data are provided: Based on this information,which of the following is forecast for month 15?
Recession Of 2001
A period of economic decline observed in the United States from March to November 2001, marked by high unemployment and the bursting of the dot-com bubble.
Consumer Spending
The total amount of money spent by households in an economy on goods and services over a time period.
Investment Spending
Expenditures on physical assets like property, industrial buildings, or equipment, which are intended to create future benefits such as increased production capacity or efficiency.
War In Iraq
A conflict that began in 2003 with the invasion of Iraq by a United States-led coalition, leading to the overthrow of the Saddam Hussein regime.
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