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Assume That the Current Date Is February 1,2003 Determine the Predicted Sales for This Month

Question 1

Multiple Choice

Assume that the current date is February 1,2003.The linear regression model was applied to a monthly time series based on the last 24 months' sales (from January 2000 through December 2002) .The following partial computer output summarizes the results.  Coefficient  Estimate t Intercept 4.32.07 Slope 1.62.98\begin{array} { l c c } \text { Coefficient } & \text { Estimate } & \mathrm { t } \\\text { Intercept } & 4.3 & 2.07 \\\text { Slope } & 1.6 & 2.98\end{array}
Determine the predicted sales for this month.


A) 45.9
B) 42.7
C) 44.3
D) 109.1
E) 113.4

Correct Answer:

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