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Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales: $ 2,430,000. $ 3,850,000 $ 4,440,000 $ 4,920,000

Suppose a firm has had the following historic sales figures.

Year: 2009 2010 2011 2012 2013 Sales: $ 2,430,000. $ 3,850,000 $ 4,440,000 $ 4,920,000 $ 5,540,000

What would be the forecast for next years sales using regression to estimate a trend?

Next years sales?

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