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Sales over the past 10 years are shown below. Using the method of least squares, calculate the values of a and b to find this
Sales over the past 10 years are shown below. Using the method of least squares, calculate the values of a and b to find this regression equation.
Year | Sales |
1 | 1,670 |
2 | 1,980 |
3 | 1,510 |
4 | 1,660 |
5 | 1,700 |
6 | 1,320 |
7 | 1,000 |
8 | 1,930 |
9 | 1,670 |
10 | 1,010 |
(Indicate a negative answer using a "-" sign. Do not round intermediate calculations and round your answer to 3 decimal places.)
Sales=Answer + Answerx What is your forecast for next year's sales?(Do not round intermediate calculations and round your answer to 2 decimal places.) Sales=Answer
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