Identify the components of simple linear regression models and discuss their applications Use the data given below to answer the following question(s) .
The worldwide sales of cars from 1981-1990 are shown in the table below. Given: α = 0.2 and β
= 0.15 (Hint: Use XLMiner)
-For the given data, what is the sales forecast for the year 1992 (in thousands) ?
A) 1256.87
B) 1317.91
C) 1285.74
D) 1350.08
Correct Answer:
Verified
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