What is the forecast for this year using the least squares trend line for these data?
A)18,750
B)19,500
C)21,000
D)22,650
E)22,800

Question

Quizplus · Accepted Answer

The least squares trend line is a linear equation that best fits the data points. The equation for the trend line is y = 1,000x + 11,800, where x is the year and y is the forecast. To find the forecast for this year, we plug in the value of x for this year into the equation. This year is not given in the context, so we cannot calculate the forecast.

What Is the Forecast for This Year Using the Least