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    Statistical Techniques
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    Exam 16: Time Series and Forecasting
  5. Question
    Product Sales Since 1999 Are: the Least Squares Trend
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Product Sales Since 1999 Are: the Least Squares Trend

Question 2

Question 2

Short Answer

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 one for 1999. What were the predicted sales in 2006? The least squares trend equation is given as
Ŷ = 265.12 - 21.18t, where t is set equal to one for 1999.
What were the predicted sales in 2006?

Correct Answer:

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