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 1,200. You also find the slope value is 50. If after developing the model you are given a value of X=11. what is the resulting forecast value using this model

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