M3 Based on tha sales data for the last 30 years the linear regression trend line equation isF=93+24 tWhat is the forecast sales value for year 32

Solution : Given that The linear regression trend line equation is Ft = 93 + 24 t

Answered: Based on tha sales data for the last 30…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section: Chapter Questions

Problem 8PT: Does Table 1 represent a linear function? If so, finda linear equation that models the data.

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Based on tha sales data for the last 30 years the linear regression trend line equation is: Fi-93+24t What is the forecast sales value for year 32