SOLUTION: A manager uses the following equation to predict monthly receipts: Yt = 4,000 + 30t. What is the forecast for July of next year if t = 0 in April of this year?
4,030
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Question 614793: A manager uses the following equation to predict monthly receipts: Yt = 4,000 + 30t. What is the forecast for July of next year if t = 0 in April of this year?
4,030
4,150
4,450
4,600
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A manager uses the following equation to predict monthly receipts:
Y(t) = 4,000 + 30t. What is the forecast for July of next year if t = 0 in April of this year?
Y(15) = 4000 + 30*15 = 4000 = 450 = 4450
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Cheers,
Stan H.
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4,030
4,150
4,450
4,600
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