Using the equation, what is the company’s predicted sales for the year 2020?

CORRECT TEXT

Based on historical time series data, a chemicals company uses sales ($million) as the y variable and time (year) as the x variable and equation.

y = – 3935 47 + 2 02x

Using the equation, what is the company’s predicted sales for the year 2020? Give your answer to the nearest million.

View Answer

Answer: $15 million