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

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 1200. You also find that the slope 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. -1800 b. 700 c. 1230 d. 1150 e. 12000

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