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Consider the following time series data. Month Sales 1 12 2 14 3 28 4 38 5 41 6 51 7 65 8 80 9
Consider the following time series data.
Month | Sales |
1 | 12 |
2 | 14 |
3 | 28 |
4 | 38 |
5 | 41 |
6 | 51 |
7 | 65 |
8 | 80 |
9 | 85 |
10 | 90 |
Use simple regression analysisin Excel to determine the forecast for time period 11.Roundyour forecast to 2 decimal places.
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