A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: $$\begin{array} { | l | c | }
\hline { \text { Year } } & \text { Attendance } \
\hline \text { Four Years ago } & 10,000 \
\hline \text { Three Years ago } & 12,000 \
\hline \text { Two Years ago } & 18,000 \
\hline \text { Last Year } & 20,000 \
\hline
\end{array}$$
What is this year's forecast using the least squares trend line for these data?
A) 20,000
B) 21,000
C) 22,000
D) 23,000
E) 24,000

Question

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: $$\begin{array} { | l | c | } 
\hline { \text { Year } } & \text { Attendance } \
\hline \text { Four Years ago } & 10,000 \
\hline \text { Three Years ago } & 12,000 \
\hline \text { Two Years ago } & 18,000 \
\hline \text { Last Year } & 20,000 \
\hline
\end{array}$$
What is this year's forecast using the least squares trend line for these data?
A) 20,000
B) 21,000
C) 22,000
D) 23,000
E) 24,000

Quizplus · Accepted Answer

The Answer of A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: $$\begin{array} { | l | c | } 
\hline { \text { Year } } & \text { Attendance } \
\hline \text { Four Years ago } & 10,000 \
\hline \text { Three Years ago } & 12,000 \
\hline \text { Two Years ago } & 18,000 \
\hline \text { Last Year } & 20,000 \
\hline
\end{array}$$
What is this year's forecast using the least squares trend line for these data?
A) 20,000
B) 21,000
C) 22,000
D) 23,000
E) 24,000

A Concert Promoter Is Forecasting This Year's Attendance for One