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Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2020 Sales $1,400,000 $1,730,000 $1,570,000 $2,030,000 $1,870,000 What would be
Suppose a firm has had the following historic sales figures.
Year: | 2016 | 2017 | 2018 | 2019 | 2020 |
Sales | $1,400,000 | $1,730,000 | $1,570,000 | $2,030,000 | $1,870,000 |
What would be the forecast for next years sales using regression to estimate a trend?
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