Time Series - Forecasting
Not what you're looking for?
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)
Purchase this Solution
Solution Summary
This solution makes a forecast using trend line.
Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.