Assignment 11 and question 7

ent 11 Question 7, 16.3.10 HW Score: 33.84%, 2.71 of 8 points Part 3 of 5 Points: 0.2 of 1 Save The linear trend forecasting equation for an annual time series containing 38 values (from 1967 to 2004) on total revenue (in billions of dollars) is shown below. Complete (a) through (e) below. Y; = 1.2+0.4X; a. Interpret the Y-intercept, bo. Which statement below is the interpretation of the Y-intercept? O A. The Y-intercept bo = 0.4 reflects the predicted total revenue in 1967. O B. The Y-intercept bo = 1.2 indicates that the revenue is predicted to increase by $1.2 billion/year. O C. The Y-intercept bo = 0.4 indicates that the revenue is predicted to increase by $0.4 billion/year. D. The Y-intercept bo = 1.2 reflects the predicted total revenue in 1967. b. Interpret the slope, by. Which statement below is the interpretation of the slope? O A. The slope by = 1.2 indicates that the revenue is predicted to increase by $1.2 billion/year. B. The slope by = 0.4 indicates that the revenue is predicted to increase by $0.4 billion/year. C. The slope by = 1.2 reflects the predicted total revenue in 1967. XD. The slope by =0.4 reflects the predicted total revenue in 1967. c. What is the fitted trend value for the fifth year? $ billion (Simplify your answer.) X S S More View an example Get more help - Clear all Check