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Question
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
Answer
This answer is hidden. It contains 1 characters.
Related questions
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