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For the Data (0,1000),(1,1500),(2,2000),(3,2500),(4,3000),(5,3500)(0,1000),(1,1500),(2,2000),(3,2500),(4,3000),(5,3500) , Where the First Number in Parenthesis Is

Question 6

Multiple Choice

For the data (0,1000) ,(1,1500) ,(2,2000) ,(3,2500) ,(4,3000) ,(5,3500) (0,1000) ,(1,1500) ,(2,2000) ,(3,2500) ,(4,3000) ,(5,3500) , where the first number in parenthesis is tt and the second number is the actual demand, if we fit a trend line of the form yt=a+bty t=a+b t , then the trend line forecast for period 7 will be


A) 4500
B) 4000
C) 5500
D) 3500
E) insufficient data

Correct Answer:

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