Question: A manager uses the following linear regression equation to predict monthly sales of books: Y = 25,000 + 170t Where t and Y refers to
A manager uses the following linear regression equation to predict monthly sales of books:
Y = 25,000 + 170t
Where t and Y refers to the time period and sales respectively.
The sales of books are:
What is the forecast for July of next year if t = 0 is April of this year?
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