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Product Sales Since 1999 Are: the Least Squares Trend

Question 102

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Product sales since 1999 are: Product sales since 1999 are:   The least squares trend equation is given as: Ŷ = 265.12 - 21.18t, where t is set equal to 1 for 1999. What are the predicted sales for 2009? The least squares trend equation is given as:
Ŷ = 265.12 - 21.18t, where t is set equal to 1 for 1999.
What are the predicted sales for 2009?

Correct Answer:

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32.14
Explanation: With t = 11...

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