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    Exam 18: Time Series and Forecasting
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    Product Sales Since 2001 Are: the Least Squares Trend
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Product Sales Since 2001 Are: the Least Squares Trend

Question 85

Question 85

Essay

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 1 for 2001. What were the predicted sales in 2006? The least squares trend equation is given as:
Ŷ = 100 + 28t, where t is set equal to 1 for 2001.
What were the predicted sales in 2006?

Correct Answer:

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268
Explanation: With t = 6 (c...

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