Question: 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

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 slopevalue is -50. If after developing the model you are given a value of X =10, which of the following is theresulting forecast value using this model?

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