If the least squares equation for sales data is ŷ = 10 + 1.3t ($ millions), with t = 0 in 1995, what is the
Value of t and the forecast for 2002?
A) t = 6, y = 17.8
B) t = 0, y = 10.0
C) t = 7, y = 19.1
D) t = 10, y = 0.0
E) t = 7, y = 9.1

Name: If the least squares equation for sales data is ŷ = 10 + 1.3t ($ millions), with t = 0 in 1995, what is the Value of t and the forecast for 2002? A) t = 6, y = 17.8 B) t = 0, y = 10.0 C) t = 7, y = 19.1 D) t = 10, y = 0.0 E) t = 7, y = 9.1
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

t = 7, y = 19.1

If the Least Squares Equation for Sales Data Is ŷ