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A linear trend equation for sales of the form Qt = at bt was estimated using annual sales data for the period 2003 - 2010

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A linear trend equation for sales of the form Qt = at bt was estimated using annual sales data for the period 2003 - 2010 (i.e., t = 2003, 2004, ..., 2010). The results of the regression are as follows: Dependent Variable: Qt R2 F-ratio p-value on F Observations: 8 0.7034 14.23 0.0093 Variable Parameter Estimate Standard Errort-ratio p-value Intercept 23,024,200 8,122,205 2.83 0.0298 12,045 6,075 1.98 0.0947

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