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Time Series - Forecasting

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Consider the following data that was fitted using a Linear Trend.

Period Actual Value Period Number
(or)Y (or) X
Period 1 10 1
Period 2 11 2
Period 3 9 3
Period 4 12 4
Period 5 13 5
Period 6 12 6
Period 7 15 7

The intercept of the trend line is 8.714, and the slope is 0.75. What is the forecast for period 8? (Please show steps)

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Solution Summary

This solution makes a forecast using trend line.

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