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PLEASE USE THE DATA BELOW---this data is NOT the same as other answers already provided on coursehero! Shown below are rental and leasing revenue figures
PLEASE USE THE DATA BELOW---this data is NOT the same as other answers already provided on coursehero!
Shown below are rental and leasing revenue figures for office machinery and equipment in the United States over a 7-year period according to the U.S. Census Bureau. Use this data and the regression tool in the Data Analysis ToolPak to run a linear regression.
Based on the formula you get from the regression output, answer the following questions:
- What is the forecast for the rental and leasing revenue for the year 2011?
- How confident are you in this forecast? Explain your answer by citing the relevant metrics.
Year | Rental and Leasing ($ millions) |
2004 | 5,860 |
2005 | 5,632 |
2006 | 5,543 |
2007 | 5,952 |
2008 | 5,732 |
2009 | 5,423 |
2010 | 5,589 |
2011 |
I have gotten the following results from excel analyis but another tutor gave me conflicting data and I want to make sure I get this correct. the data I received from the regression summary output is: