Assume that the current date is February 1,2003.The linear regression model was applied to a monthly time series based on the last 24 months' sales (from January 2000 through December 2002).The following partial computer output summarizes the results. $$\begin{array} { l c c }
\text { Coefficient } & \text { Estimate } & \mathrm { t } \
\text { Intercept } & 4.3 & 2.07 \
\text { Slope } & 1.6 & 2.98
\end{array}$$
Determine the predicted sales for this month.
A)45.9
B)42.7
C)44.3
D)109.1
E)113.4

Question

Assume that the current date is February 1,2003.The linear regression model was applied to a monthly time series based on the last 24 months' sales (from January 2000 through December 2002).The following partial computer output summarizes the results. $$\begin{array} { l c c } 
\text { Coefficient } & \text { Estimate } & \mathrm { t } \
\text { Intercept } & 4.3 & 2.07 \
\text { Slope } & 1.6 & 2.98
\end{array}$$
Determine the predicted sales for this month.
A)45.9
B)42.7
C)44.3
D)109.1
E)113.4

Quizplus · Accepted Answer

The Answer of Assume that the current date is February 1,2003.The linear regression model was applied to a monthly time series based on the last 24 months' sales (from January 2000 through December 2002).The following partial computer output summarizes the results. $$\begin{array} { l c c } 
\text { Coefficient } & \text { Estimate } & \mathrm { t } \
\text { Intercept } & 4.3 & 2.07 \
\text { Slope } & 1.6 & 2.98
\end{array}$$
Determine the predicted sales for this month.
A)45.9
B)42.7
C)44.3
D)109.1
E)113.4

Assume That the Current Date Is February 1,2003 Determine the Predicted Sales for This Month