At the end of June (and using the historical data up to and including the month of June),a manager develops the following equation to predict monthly sales: Y = 25,000 + 125x.What is the forecast for the month of September using this linear trend line equation?
A)25,250
B)25,375
C)25,500
D)26,000

Question

Quizplus · Accepted Answer

The forecast for the month of September using the linear trend line equation Y = 25,000 + 125x is 25,375. This is because September is the 9th month of the year, so x = 9. Plugging this value into the equation gives us Y = 25,000 + 125(9) = 25,375.

At the End of June (And Using the Historical Data