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

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

YearSales (Y)XX*YX*X
20082,000,000.0012,000,0001
20091,800,000.0023,600,0004
20102,200,000.0036,600,0009
20112,400,000.0049,600,00016
20122,300,000.00511,500,00025
Sum10,700,000.001533,300,000.0055.00
Average2,140,000.0036,660,000.000011.00

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viev Let x be the years denoted by 15 Let y be the sales Let the Regression line be y bo bx where b... blur-text-image

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