Multiple Choice
The following linear trend equation was developed for annual sales from 1995 to 2001 with 1995 the base or zero year. ŷ = 500 + 60t ($000) . What are the estimated sales for 2005 ($000) ?
A) $500
B) $560
C) $600
D) $1,040
E) $1,100
Correct Answer:
Verified
Correct Answer:
Verified
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