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Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using regression to estimate

Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using regression to estimate a trend?

Year 2008 2009 2010 2011 2012
Sales $ 2,000,000 $ 1,800,000 $ 2,200,000 $ 2,400,000 $ 2,300,000

Multiple Choice

  • $2,140,000

  • $2,225,000

  • $2,300,000

  • $2,500,000

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