The demand for a product for the last six years has been 15,15,17,18,20,and 19.The manager wants to predict the demand for this time series using the following simple linear trend equation: tr_t = 12 + 2t.What are the forecast errors for the 5^th and 6^th years? A)0,-3 B)0,+3 C)+2,+5 D)-2,-5 E)-1,-4

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The Answer of The demand for a product for the last six years has been 15,15,17,18,20,and 19.The manager wants to predict the demand for this time series using the following simple linear trend equation: tr_t = 12 + 2t.What are the forecast errors for the 5^th and 6^th years? A)0,-3 B)0,+3 C)+2,+5 D)-2,-5 E)-1,-4

The Demand for a Product for the Last Six Years