Answered

IDNLearn.com offers a comprehensive solution for all your question and answer needs. Ask anything and receive prompt, well-informed answers from our community of experienced experts.

Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they have sold in past. A time-series trend equation is 25.3 2.1x. What is your forecast for period 7

Sagot :

Abiolataiwo2015idn

Based on the information give your forecast for period 7 is 40.

Forecast for period 7

Given:

Time-series trend equation=25.3+2.1x

Period=7

Let x present period 7

Hence:

Forecast for period 7 =25.3 +2.1(7)

Forecast for period 7 =25.3 +14.7

Forecast for period 7 =40

Inconclusion your forecast for period 7 is 40.

Learn more about forecast here:https://brainly.com/question/24730207

Thank you for using this platform to share and learn. Keep asking and answering. We appreciate every contribution you make. For clear and precise answers, choose IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.