Question: Consider the following data that was fitted using a Linear Trend for the past 12 months: 21.51, 22.43, 23.02, 23.03, 22.1, 23.37, 23.21, 24.6, 23.31,
Consider the following data that was fitted using a Linear Trend for the past 12 months: 21.51, 22.43, 23.02, 23.03, 22.1, 23.37, 23.21, 24.6, 23.31, 23.94, 26.05, 26.65. The intercept of the trend line is 21.231, and the slope is 0.365. What is the forecast for period 13?
Select one: a. 0.409 b. 27.892 c. 22.575 d. 293.89
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