Multiple Choice
If the least squares equation for sales data is ŷ = 10 + 1.3t ($ millions) ,with t = 0 in 1995, what is the value of t and the forecast for 2002?
A) t = 6, y = 17.8
B) t = 0, y = 10.0
C) t = 7, y = 19.1
D) t = 10, y = 0.0
E) t = 7, y = 9.1
Correct Answer:
Verified
Correct Answer:
Verified
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