A linear regression model is Units = 4,004 – 0.659×Week. For week 46, what is the forecast for the number of units? Round your answer to the nearest whole number.

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 1P: Consider the following time series data: Using the naïve method (most recent value) as the forecast...
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A linear regression model is Units = 4,004 – 0.659×Week. For week 46, what is the forecast for the number of units? Round your answer to the nearest whole number.

 units

 

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