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A company hires you to develop a linear regression forecasting model. Based on the company's historical sales informationτ, 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. - 3,800B. 700C. 1,700D. 1,040E. 12,000

Respuesta :

TomShelby

Answer:

B. 700

Explanation:

the general linear equation formula is as follow:

[tex]y = mx + h[/tex]

Where h is the value at which the formula intercept the Y axis

And m is the slope value, therefore:

[tex]y = -50x + 1,200[/tex]

if x = 10

[tex]y = -50(10) + 1,200[/tex]

y = -500 + 1,200

y = 700

This will be the value of the formula when x = 10

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