Multiple Choice
If the least squares equation for sales data going from 2004 to 2008 is Ŷ = 10 + 1.3t (in $millions) , what is the value of t and the forecast for 2010?
A) t = 6, Ŷ = 17.8
B) t = 0, Ŷ = 10.0
C) t = 7, Ŷ = 19.1
D) t = 10, Ŷ = 0.0
Correct Answer:
Verified
Correct Answer:
Verified
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