You are given the following linear trend model: F_t = 345.60 - 200.5(t).The forecast for period 15 is approximately -2,662.

Question

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To find the forecast for period 15, we substitute t=15 into the given linear trend model: F_t = 345.60 - 200.5(t) F₍₁₅₎ = 345.60 - 200.5(15) F₍₁₅₎ = 345.60 - 3007.5 F₍₁₅₎ = -2661.9 Therefore, the forecast for period 15 is approximately -2,662. This means the statement is true and the answer is A.

You Are Given the Following Linear Trend Model: Ft =

You Are Given the Following Linear Trend Model: F_t =