If the least squares equation for Mary’s - 11597

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mareya

mareya

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If the least squares equation for Mary’s Clothing sales data from 2004 to 2008 is represented by the equation Y' = 12 + 1.1t (in $ millions). What is the value of t and the forecast for 2010? 

A.   t = 10, y = 0.0 

B.   t = 7, y = 19.7

C.   t = 6, y = 18.6 

D.   t = 1, y = 12.0 

 
Solution Description

If the least squares equation for Mary’s Clothing sales data from 2004