What is this week's forecast using the least squares trend line for these data?
A)49
B)50
C)52
D)65
E)78

Name: What is this week's forecast using the least squares trend line for these data? A)49 B)50 C)52 D)65 E)78
Brand: Quizplus
Rating: 4.7 (33 reviews)

Question

Quizplus · Accepted Answer

The least squares trend line is a straight line that best fits the data points. The equation for the trend line is y = 49 + 3x, where x is the week number. The forecast for this week (week 10) is y = 49 + 3(10) = 79.

What Is This Week's Forecast Using the Least Squares Trend