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The equation of the trend line for the data based on sales (in $1000) of a local restaurant over the years 2005-2010 is Sales= -265575+132.571*year. Using the trend line, the forecast sales for the year 2012 is ________   a. $1,157.85   b. $1,157,850   c. $132,571   d. $2,673,304   e. $1,000,327

The equation of the trend line for the data based on sales (in $1000) of a local restaurant over the years 2005-2010 is Sales= -265575+132.571*year. Using the trend line, the forecast sales for the year 2012 is ________   a. $1,157.85   b. $1,157,850   c. $132,571   d. $2,673,304   e. $1,000,327

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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  1. The equation of the trend line for the data based on sales (in $1000) of a local restaurant over the years 2005-2010 is Sales= -265575+132.571*year. Using the trend line, the forecast sales for the year 2012 is ________
      a.
    $1,157.85
      b.
    $1,157,850
      c.
    $132,571
      d.
    $2,673,304
      e.
    $1,000,327
Expert Solution
Step 1

The trend line for the sales is given as

      Sales = -265575+132.571*year

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