A Company Hires You to Develop a Linear Regression Forecasting

question 104

Multiple Choice

A 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 -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)-3,800
• B)700
• C)1,700
• D)1,040
• E)12,000

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