The linear trend forecasting equation for an annual time series containing 22 values (from 1989 to 2010)

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The linear trend forecasting equation for an annual time series containing 22 values (from 1989 to 2010) on total revenues (in millions of dollars) is
The linear trend forecasting equation for an annual time series

a. Interpret the Y intercept,
b. Interpret the slope,
c. What is the fitted trend value for the fifth year?
d. What is the fitted trend value for the most recent year?
e. What is the projected trend forecast three years after the last value?

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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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