The linear trend forecasting equation for an annual time series containing 22 values (from 1991 to 2012)

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The linear trend forecasting equation for an annual time series containing 22 values (from 1991 to 2012) on total revenues (in $millions) is

a. Interpret the Y intercept, b0.
b. Interpret the slope, b1.
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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Statistics For Managers Using Microsoft Excel

ISBN: 9780133130805

7th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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Question Posted: Apr 07, 2016 09:29 AM

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The linear trend forecasting equation for an annual time series containing 22 values (from 1991 to 2012)

Question:

Y,=4.0 + 1.5x,

Step by Step Answer:

a The Yintercept b 0 40 is the fitted trend value reflecting the real total revenues in m...View the full answer

Statistics For Managers Using Microsoft Excel

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