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The number of students enrolled in Spring Valley Elementary school has been steadily increasing over the past five years. The School Board would like to forecast enrolment for years 6 and 7 in order to better plan capacity. The past five years enrolment is indicated in table 3: Assuming a linear trend, use the tabular method to derive values for: a. the slope b. the intercept c. Forecast period 6 enrollment

The number of students enrolled in Spring Valley Elementary school has been steadily increasing over the past five years. The School Board would like to forecast enrolment for years 6 and 7 in order to better plan capacity. The past five years enrolment is indicated in table 3: Assuming a linear trend, use the tabular method to derive values for: a. the slope b. the intercept c. Forecast period 6 enrollment

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The number of students enrolled in Spring Valley Elementary school has been steadily increasing over the past five years. The School Board would like to forecast enrolment for years 6 and 7 in order to better plan capacity. The past five years enrolment is indicated in table 3:

Assuming a linear trend, use the tabular method to derive values for:

a. the slope

b. the intercept

c. Forecast period 6 enrollment

Table 3 Year Enrollment 1 220 2 245 256 4 289 310
Transcribed Image Text:Table 3 Year Enrollment 1 220 2 245 256 4 289 310
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