Regression analysis was used to estimate the following linear trend equation:
S_t = 10.5 + 0.25t
Use this equation to forecast the value of the dependent variable in time period 2.

Name: Regression analysis was used to estimate the following linear trend equation: S t = 10.5 + 0.25t Use this equation to forecast the value of the dependent variable in time period 2. A) 10.50 B) 11.00 C) 11.25 D) 22.00
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Question

Quizplus · Accepted Answer

To forecast the value of the dependent variable in time period 2, substitute t = 2 into the equation: S_t = 10.5 + 0.25(2) = 11.00.

Regression Analysis Was Used to Estimate the Following Linear Trend