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Assume the forecast component for the first monday to be the actual value of the first monday minus the initial trend. let the initial trend be 10 bicycles. round your answer to two decimal places, if necessary.

Day number of bicycles
tuesday 22
wednesday 21
thursday 26
friday 32
saturday 37
sunday 38

1 Answer

6 votes

Final answer:

To find the forecast component for the first Monday, subtract the initial trend from the actual value of the first Monday.

Step-by-step explanation:

The question mentions a forecast component for the first Monday, which implies we need to find the value for the first Monday and subtract the initial trend.

The initial trend is given as 10 bicycles. To find the forecast component for the first Monday, we need to subtract the initial trend from the actual value of the first Monday. Since the actual value for Monday is not given in the question, we cannot provide a specific answer. However, the calculation would be as follows:

Forecast Component for First Monday = Actual Value of First Monday - Initial Tren

Forecast Component for First Monday = (Actual Value of First Monday) - 10 bicycles

To round the answer to two decimal places, apply the rounding rule. If the third decimal place is 5 or greater, round up; otherwise, round down.

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