Your question is Quarterly Revenue Trend Forecasting. Take a moment with it on the right.
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FinEdge, a B2B payments company, needs a simple near-term forecast for next quarter's revenue to support budgeting. The finance team wants a statistically grounded baseline using recent quarterly results rather than a purely judgment-based estimate.
Use a linear trend model to forecast next quarter's revenue and quantify uncertainty around the forecast. Assume quarterly revenue follows an approximately linear trend over the last 8 quarters.
| Quarter Index | Revenue ($M) |
|---|---|
| 1 | 48.2 |
| 2 | 50.1 |
| 3 | 51.4 |
| 4 | 53.0 |
| 5 | 54.6 |
| 6 | 56.1 |
| 7 | 57.9 |
| 8 | 59.3 |
You should forecast revenue for quarter . Use a 95% confidence level.