A time series trend equation is 15.2 + 4.1X. What is your forecast for period 7?
A) cannot be determined without knowing the value of X
B) 43.9
C) 15.2
D) 26.3

Name: A time series trend equation is 15.2 + 4.1X. What is your forecast for period 7? A) cannot be determined without knowing the value of X B) 43.9 C) 15.2 D) 26.3
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Question

Quizplus · Accepted Answer

To forecast for period 7, substitute X=7 into the equation: 15.2 + 4.1(7) = 15.2 + 28.7 = 43.9.

A Time Series Trend Equation Is 15