Question: Consider the following data that was fitted using a Linear Trend for the past 12 months: 31.51, 33.43, 36.05, 33.03, 43.5, 33.37, 35.43, 34.6, 37.63,

Consider the following data that was fitted using a Linear Trend for the past 12 months: 31.51, 33.43, 36.05, 33.03, 43.5, 33.37, 35.43, 34.6, 37.63, 33.94, 36.05, 36.65. The intercept of the trend line is 33.985, and the slope is 0.223. What is the forecast for period 13?

Select one: a. 26.5 b. 33.985 c. 35.4325 d. 36.884

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!