Assume that the current date is February 1, 2021. The linear regression model was applied to a monthly time series data based on the last 24 months' sales. (From January 2019 through December 2020). The following partial computer output summarizes the results. Coefficient Estimate t Intercept 4.3 2.07 Slope 1.6 2.98 Determine the predicted sales for February.
Assume that the current date is February 1, 2021. The linear regression model was applied to a monthly time series data based on the last 24 months' sales. (From January 2019 through December 2020). The following partial computer output summarizes the results. Coefficient Estimate t Intercept 4.3 2.07 Slope 1.6 2.98 Determine the predicted sales for February.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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Assume that the current date is February 1, 2021. The linear regression model was applied to a monthly time series data based on the last 24 months' sales. (From January 2019 through December 2020). The following partial computer output summarizes the results.
Coefficient |
Estimate |
t |
Intercept |
4.3 |
2.07 |
Slope |
1.6 |
2.98 |
Determine the predicted sales for February.
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