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Explanation:
From the regression equation, and . Under log-linear trend models, the predicted trend value is given by:
Therefore:
The calculation shows that the trend value estimate for the 90th week is 8,647.28 million.
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An investment analyst wants to fit the weekly sales (in millions) of his company by using the sales data from Jan 2018 to Feb 2019. The regression equation is defined as:
What is the trend value estimate of the sales in the 90th week?
A
8,647.28 Million
B
7,947.26 Million
C
8,537.38 Million
D
8,237.48 Million