A time series trend equation for Hammer Hardwareis Y = 5.6 + 1.2t, where sales are in millions of dollars and t increases by one unit for each year. If the value of sales in the base year of 2016 is $5.6 million, what would be the estimated sales amount for 2018?

• $5.6 million

• $6.8 million

• Unable to determine from given information

• $8 million