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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
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$2,140,000
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$2,225,000
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$2,300,000
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$2,500,000
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