Z plc has found that it can estimate future sales using time series analysis and regression techniques. The following trend equation has been derived: y = 25,000 + 6,500x where: y is the total sales units per quarter x is the time period reference number Using the above model, what is the forecast for sales units for the third quarter of year 7, assuming that the first quarter of year 1 is time period reference number 1?

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To forecast the sales units for the third quarter of year 7 using the gi... View the full answer