Consider the following data that was fitted using a Linear Trend
Period Actual value (or) Y Period number (or) X
Period 1 10 1
Period 2 11 2
Period 3 9 3
Period 4 12 4
Period 5 13 5
Period 6 12 6
Period 7 15 7
The intercept of the trend line is 8.714, and the slope is 0.75. What is the forecast for period 8?
A) 13.714
B) 14.714
C) 15.714
D) 16.714
E) 15.75
B
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