An analyst calculates a linear trend projection for a set of

An analyst calculates a linear trend projection for a set of sales figures and gets the following equation: predicted sales = 18.1 + 1.57 t Note: t = time period. What is the predicted sales for time period t = 17? Round your answer to two decimal places. For example, if your answer is 3, enter 3.00.

Solution

Predicted sales = 18.1 + 1.57 t

When, t= 17

Predicted sales = 18.1 + 1.57 x 17

Precited sales = 44.79