Multiple Choice
A trend line has been fitted to a company's annual sales.The fitted trend is yt = 50 + 5 xt,where t is the time index (t = 1,2,... ,n) and yt is annual sales (in millions of dollars) .What is the forecast for period 13?
A) $125 million
B) $50 million.
C) $97 million
D) $115 million
Correct Answer:
Verified
Correct Answer:
Verified
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