Figure 8-8

-Figure 8-8 above depicts which type of statistical forecasting (lineA)?

Name: Figure 8-8 -Figure 8-8 above depicts which type of statistical forecasting (lineA)?
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Question

Figure 8-8
 
-Figure 8-8 above depicts which type of statistical forecasting (lineA)?

Quizplus · Accepted Answer

Linear trend extrapolation involves extending a pattern observed in past data into the future.When the pattern is described with a straight line,it is linear trend extrapolation.Using linear trend extrapolation,you draw a line to fit the past sales data and project it into the future to give the forecast values.

Figure 8-8 -Figure 8-8 Above Depicts Which Type of Statistical Forecasting (LineA)