If the Least Squares Equation for Sales Data Going from 2004

question 77

Multiple Choice

If the least squares equation for sales data going from 2004 to 2008 is = 10 + 1.3t (in million $) ,what is the value of t and the forecast for 2010?

• A)t = 6, = 17.8
• B)t = 0, = 10.0
• C)t = 7, = 19.1
• D)t = 6, = 0.0

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