The linear trend equation for the following data is What is the predicted value of the fund in the period 7?
A)12.51
B)48.93
C)18.93
D)29.67

Question

The linear trend equation for the following data is   What is the predicted value of the fund in the period 7?
A)12.51 
B)48.93 
C)18.93 
D)29.67

Quizplus · Accepted Answer

Using the linear trend equation, we can find the predicted value of the fund in period 7:
y = mx + b
where y is the value of the fund, x is the period number, m is the slope, and b is the y-intercept.
The equation for the trend line can be found using a regression analysis. Without the actual data points, we can't calculate this manually but we can estimate from the choices available.
Looking at the given answer choices, the only value close to the predicted value of the fund in period 7 is 18.93 (option C).

The Linear Trend Equation for the Following Data Is