Question
Suppose a firm has had the following historic sales figures. Year Sales ($) 2016 1,470,000 2017 1,700,000 2018 1,600,000
Suppose a firm has had the following historic sales figures.
Year Sales ($)
2016 1,470,000
2017 1,700,000
2018 1,600,000
2019 2,170,000
2020 1,760,000
What would be the forecast for next year's sales using regression to estimate a trend?
Step by Step Solution
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Step: 1
To perform linear regression analysis on historical sales data well use Microsoft Office Excel or Go...
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
