Question 3 Consider the following data: Month Bicycles Sold 21.6 2 22.9 25.5 4 21.9 23.9 6. 27.5 7 31.5 29.7 28.6 10 31.4 If a first order linear equation were used as the forecasting equation what would you forecast as the number of bicycles sold in Month 12 ? 1. 00

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
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econometrics

40
41
Question 3
42
Consider the following data:
43
Month
Bicycles
44
Sold
45
1.
21.6
46
2.
22.9
47
25.5
48
21.9
49
23.9
50
6.
27.5
51
7
31.5
52
8
29.7
53
9
28.6
54
10
31.4
If a first order linear equation were used as the forecasting equation what would you forecast as the number of bicycles sold
in Month 12 ?
55
56
3. Answer
57
Transcribed Image Text:40 41 Question 3 42 Consider the following data: 43 Month Bicycles 44 Sold 45 1. 21.6 46 2. 22.9 47 25.5 48 21.9 49 23.9 50 6. 27.5 51 7 31.5 52 8 29.7 53 9 28.6 54 10 31.4 If a first order linear equation were used as the forecasting equation what would you forecast as the number of bicycles sold in Month 12 ? 55 56 3. Answer 57
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