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The following linear trend equation is used to forecast annual sales in thousands of dollars. It is based on one-year periods of time series data with t = 0 in 2013. Forecast annual sales for 2020. Y' = 37 + 0.625t.

The following linear trend equation is used to forecast annual sales in thousands of dollars. It is based on one-year periods of time series data with t = 0 in 2013. Forecast annual sales for 2020. Y' = 37 + 0.625t.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The following linear trend equation is used to forecast annual sales in thousands of dollars. It is based on one-year periods of time series data with t = 0 in 2013. Forecast annual sales for 2020. Y' = 37 + 0.625t. Do NOT include any spaces or the $ sign in your answer.
Transcribed Image Text:The following linear trend equation is used to forecast annual sales in thousands of dollars. It is based on one-year periods of time series data with t = 0 in 2013. Forecast annual sales for 2020. Y' = 37 + 0.625t. Do NOT include any spaces or the $ sign in your answer.
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