What is the fitted trend value for the fourth year?(Simplify your answer.)d. What is the fitted trend value for the most recent year?(Simplify your answer.)e. What is the projected trend forecast three years after the last value?

Question 8, 16.3.11 HW Score: 33.84%, 2.71 of 8 points ment 11 Part 3 of 5 Points: 0.4 of 1 Save The linear trend forecasting equation for an annual time series containing 40 values (from 1968 to 2007) on net sales (in billions of dollars) is shown below. Complete (a) through (e) below. Y; = 1.3+ 1.8X; a. Intepret the Y-intercept, bo. Which statement below is the interpretation of the Y-intercept? A. The Y-intercept bo = 1.3 reflects the predicted net sales in 1968 O B. The Y-intercept bo = 1.3 indicates that sales are predicted to increase by $1.3 billion/year. O C. The Y-intercept bo = 1.8 reflects the predicted net sales in 1968 O D. The Y-intercept bo = 1.8 indicates that sales are predicted to increase by $1.8 billion/year. b. Intepret the slope, by. Which statement below is the interpretation of the slope? A. The slope by = 1.8 indicates that sales are predicted to increase by $1.8 billion/year. O B. The slope by = 1.3 indicates that sales are predicted to increase by $1.3 billion/year. O C. The slope by = 1.8 reflects the predicted net sales in 1968. O D. The slope by = 1.3 reflects the predicted net sales in 1968. c. What is the fitted trend value for the tenth year? $ billion (Simplify your answer.)