Question

In: Statistics and Probability

The number of new contributors to a public radio station's annual fund drive over the last...

The number of new contributors to a public radio station's annual fund drive over the last 11 years is provided. Develop a linear trend equation to forecast the number of contributors for each year. 27, 18, 30, 29, 37, 40, 50, 47, 52, 70, 68

what is the forecasted number of contributors for year 6? (show answer to 2 decimal places）

What is the forecasted number of contributors for year 12? (show answer to 2 decimal places)

Solutions

Expert Solution

From the given data

The forecasted number of contributors for year 6 is Y = 13.7455 + 4.8(6) = 42.55

the forecasted number of contributors for year 12 is Y = 13.7455 + 4.8(12) = 71.35

orchestra answered 1 year ago
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