The trend line for the sales (in lakhs) is given by \(y_{c}=84+12(x-2017)\). The estimated sale for the year 2024 is :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Rs. 168 lakh
Putting x = 2024 in the trend line:
\(y_c = 84 + 12(2024 - 2017)\)
\(= 84 + 12 \times 7\)
\(= 84 + 84 = 168\)
So the estimated sale for 2024 is Rs. 168 lakh.