The linear trend forecasting equation for an annual time series containing 42 values (from 1969 to 2010)

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The linear trend forecasting equation for an annual time series containing 42 values (from 1969 to 2010) on net sales (in billions of dollars) is

a. Interpret the Y intercept, b0.
b. Interpret the slope, b1.
c. What is the fitted trend value for the tenth year?
d. What is the fitted trend value for the most recent year?
e. What is the projected trend forecast two years after the last value?

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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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Question Posted: Mar 29, 2016 07:08 AM

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The linear trend forecasting equation for an annual time series containing 42 values (from 1969 to 2010)

Question:

, = 1.2 + 0.5x

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a The Y intercept b 0 12 is the fitted trend value reflecting the rea...View the full answer

Basic Business Statistics Concepts And Applications

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