Solved

A Concert Promoter Is Forecasting This Year's Attendance for One

Question 11

Multiple Choice

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data:  Year  Attendance  Four years ago 10,000 Three years ago 12,000 Two years ago 18,000 Last Year 20,000\begin{array} { l l } \text { Year } & \text { Attendance } \\\hline \text { Four years ago } & 10,000 \\\text { Three years ago } & 12,000 \\\text { Two years ago } & 18,000 \\\text { Last Year } & 20,000\end{array} What is this year's forecast using the least squares trend line for these data?


A) 20,000
B) 21,000
C) 22,000
D) 23,000
E) 24,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions