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A company has achieved cost savings, which has increased its overall net profit. Net income from January through May 2020 is as follows: Months 1
A company has achieved cost savings, which has increased its overall net profit. Net income from January through May 2020 is as follows:
Months | 1 | 2 | 3 | 4 | 5 |
Net income (in units: 10,000 won) | 4000 | 4400 | 5200 | 6400 | 8000 |
1) To predict future net income using net income for five months. Use the best least squares estimation to approximate the net gain with a quadratic polynomial. 2) Predict the net profit for December 2020.
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