Question: A: Simple linear regression can be expressed in the form Dt = b0 + b1t + et. If b0 = 4 and b1 = 2

A: Simple linear regression can be expressed in

A: Simple linear regression can be expressed in the form Dt = b0 + b1t + et. If b0 = 4 and b1 = 2 and t is measured in months. What is the forecast for month 15 using simple linear regression? (1 point) B: Using the values from the previous question: Dt = b0 + b1t + et. If bo = 4; b1 = 2 and t is measured in months; for month 7, the error was -2 units, what was the actual demand for month 7. The demand is modeled using simple linear regression. (1 point)

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