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Linear trend equation: Predicted value & Residual value

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The linear trend equation for the follwing date is y= 1.4286+2.5(t)

Month Value of Fund
1 4
2 6
3 9
4 12
5 14
6 16
7 19

a. What is the predicted value of the fund in the period t=1?
b. What is the predicted value of the fund in the period 3 and period 7?
c. Find the residual values (error) for period 3 and period 7?

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Solution Summary

The solution provides step by step method for the calculation of predicted values and residual values. Formula for the calculation is also included.

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Predicted value and residual values
The linear trend equation for the following date is y = 1.4286+2.5(t)

Month Value of Fund
1 4
2 6
3 9
4 12
5 ...

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