Final answer:
Using the LinearRegression equation with a slope of 10 and an intercept of 150, the forecasted number of units for period 20 is 350 units.
Step-by-step explanation:
The question involves predicting the number of forecasted units for period 20 using a LinearRegression technique. This technique expresses the relationship between a dependent variable and one or more independent variables using a linear equation. To predict the value for period 20, we can use the given linear equation components: the slope (trend), the intercept, and the period number as the independent variable.
The LinearRegression equation is generally written as y = mx + b, where m is the slope, x is the period number, and b is the y-intercept. Using the provided information:
- Slope (m) = 10
- Intercept (b) = 150
We can forecast the units for period 20 using the formula:
Forecast for period 20 = (Slope × Period) + Intercept = (10 × 20) + 150 = 200 + 150 = 350 units.
Therefore, the correct answer would be (b) 350 units.