The equation of the trend line for the data based on sales (in $1000)of a local restaurant over the years 2005-2010 is Sales= -265575+132.571*year.Using the trend line, the forecast sales for the year 2012 is ________
A)$1,157.85
B)$1,157,850
C)$132,571
D)$2,673,304
E)$1,000,327

Question

Quizplus · Accepted Answer

To forecast sales for the year 2012 using the given trend line equation, Sales = -265575 + 132.571*year, substitute the year with 2012: Sales = -265575 + 132.571*2012. This calculation results in $1,157,850.

The Equation of the Trend Line for the Data Based