An industry analyst fits a linear trend model to 2 years of monthly observations measuring the volume of retail sales (in millions of dollars) of passenger cars in the United States. The trend variable equals 1 in January 2017. Below is the equation and some supplementary info  Y hat = 20.020 + 0.2093 t Se = 1.061          R2 = .6703                 DW = 1.533   Estimate the number of passenger cars that will be sold in January of 2019.

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An industry analyst fits a linear trend model to 2 years of monthly observations measuring the volume of retail sales (in millions of dollars) of passenger cars in the United States. The trend variable equals 1 in January 2017. Below is the equation and some supplementary info

 Y hat = 20.020 + 0.2093 t

Se = 1.061          R2 = .6703                 DW = 1.533

 

Estimate the number of passenger cars that will be sold in January of 2019. 

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