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    Exam 18: Time Series and Forecasting
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    Given the Following Trend Equation Based on Five Years of Annual
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Given the Following Trend Equation Based on Five Years of Annual

Question 68

Question 68

Multiple Choice

Given the following trend equation based on five years of annual sales (in millions of dollars) ,beginning in 2005: Given the following trend equation based on five years of annual sales (in millions of dollars) ,beginning in 2005:   = 4.53 + 1.54t The estimated value for 2008 is ________. A) 9.15 B) 10.69 C) 12.23 D) 6.07 = 4.53 + 1.54t The estimated value for 2008 is ________.


A) 9.15
B) 10.69
C) 12.23
D) 6.07

Correct Answer:

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