Home / Expert Answers / Statistics and Probability / consider-the-new-construction-time-series-data-the-intercept-of-the-fitted-linear-trend-model-is-pa914

(Solved): Consider the new construction time series data. The intercept of the fitted linear trend model is: ...



Consider the new construction time series data. The intercept of the fitted linear trend model is:
cannot be determined, becaUsing the fitted linear trend model, we forecast that in 2002 new construction in the US will be about
\( 368.200 \) billion

Consider the new construction time series data. The intercept of the fitted linear trend model is: cannot be determined, because it does not have a meaning in this context. . . . Using the fitted linear trend model, we forecast that in 2002 new construction in the US will be about billion dollars. billion dollars. billion dollars. billion dollars. Question 5 Using the fitted linear trend model we forecast that in 2003 new construction in the US will be about billion dollars. billion dollars. billion dollars. billion dollars.


We have an Answer from Expert

View Expert Answer

Expert Answer


From the given output we have,Forecast = -85187.30182 + 42.99272727 year 2) from the above regression line: Intercept = -85187.30182Opt
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe