Multiple Choice
A company hires you to develop a linear regression forecasting model.Based on the company's historical sales information,you determine the intercept value of the model to be 1,200.You also find the slope value is -50.If after developing the model you are given a value of X = 10,which of the following is the resulting forecast value using this model?
A) -3,800
B) 700
C) 1,700
D) 1,040
E) 12,000
Correct Answer:
Verified
Correct Answer:
Verified
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