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    Exam 16: Time Series and Forecasting
  5. Question
    Product Sales Since 2001 Are: the Least Squares Trend
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Product Sales Since 2001 Are: the Least Squares Trend

Question 25

Question 25

Short Answer

Product sales since 2001 are: Product sales since 2001 are:   The least squares trend equation is given as Ŷ = 100 + 28t, where t is set equal to one for 2001. What were the predicted sales for 2009? The least squares trend equation is given as
Ŷ = 100 + 28t, where t is set equal to one for 2001.
What were the predicted sales for 2009?

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