Imagine a regression with YEAR (as in 2015 or 2001) predicting SALES (in thousands of dollars) as so: SALES = 100 + 0.5*YEAR And YEAR is statistically significant. What should you predict SALES to be in 2020? (Express your answer as SALES does: in thousands of dollars.)

Imagine a regression with YEAR (as in 2015 or 2001) predicting SALES (in thousands of dollars) as so: SALES = 100 + 0.5*YEAR And YEAR is statistically significant. What should you predict SALES to be in 2020? (Express your answer as SALES does: in thousands of dollars.)

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...

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Question

Imagine a regression with YEAR (as in 2015 or 2001) predicting SALES (in thousands of dollars) as so:

SALES = 100 + 0.5*YEAR

And YEAR is statistically significant. What should you predict SALES to be in 2020? (Express your answer as SALES does: in thousands of dollars.)

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