The linear trend forecasting equation for an annual time series containing 40 observations (from 1963 to 2002) on real net sales (in billions of constant 1995 dollars) is Y = 1.2 + 0.5X
What is the fitted trend value for this time series on real net sales for the tenth year?
The linear trendline equation is given as follows:
Y= 1.2 + 0.5 * X
where X represents the year ...
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