High School

Based on the sales data for the last 30 years, the linear regression trend line equation is: [tex] F = 94 + 2t [/tex].

What is the forecast sales value for year 32?

Answer :

Based on the sales data for the last 30 years, forecast sales value for year 32 is 734.

Linear regression trend is a statistical method used for analyzing relationship between two variables.

The equation used for linear regression analysis:

Y =a + bx

Where,

Y = dependent variable

a = Intercept

b = slope of the line

x = Independent variable

To calculate forecast the sales value for year 32:

Ft = 94 + 20t

= 94 + 20(32)

= 94 + 640

= 734

Therefore, the forecasted sales value for year 32 is 734.

To learn more about regression:

https://brainly.com/question/22722918

#SPJ4

The complete question is:

Based on the sales data for the last 30 years the linear regression trend line equation is: Ft= 94+20t What is the forecast sales value for year 32