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Shelly Siekman Lesson 5.9 - Linear Models

Last updated over 6 years ago

3 questions

 
A small company is selling a new board game, and they need to know how many to produce in the future.
After 12 months, they sold 4 thousand games; after 18 months, they sold 7 thousand games; and after 36 months, they sold 15 thousand games.

2

Could this information be reasonably estimated using a single linear model?

2

If so, use the model to estimate the number of games sold after 48 months. If not, explain your reasoning.

1

Below list two key ideas from the lesson: