Consider the following time series data: Year: 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
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Question:
Consider the following time series data:
Year:
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Time period(x):
0
1
2
3
4
5
6
7
8
9
10
Sales(y):
10
20
33
45
50
55
60
65
70
75
80
(a) Find the linear trend forecasting equation for the above data.
(b) Forecast the sales amount for 2070.
Expert Answer:
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