Develop a linear trend line model for the freshman applications data at State University in Problem 12-32.
Question:
a. Does this forecast appear to be more or less accurate than the linear regression forecast developed in Problem 12-32? Justify your answer.
b. Compute the correlation coefficient for the linear trend line forecast and explain its meaning.
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Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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