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The data for 2012 to 2021 for Company X revenues is below. Analyze using two approaches: a) Compute and graph the 3 year moving average
The data for 2012 to 2021 for Company X revenues is below.
Analyze using two approaches:
a) Compute and graph the 3 year moving average and b) Use the quadratic regression technique to determine a formula for sales next year. For full credit, show the formula, the sales estimate, and your assessment of the accuracy of the formula.
YEAR | SALES |
2012 | 45 499 000 |
2013 | 46 780 000 |
2014 | 47 462 000 |
2015 | 48 145 000 |
2016 | 50 576 000 |
2017 | 53 299 000 |
2018 | 56 846 000 |
2019 | 61 466 000 |
2020 | 58 323 000 |
2021 | 62 801 000 |
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