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The sales records of a company over a period of seven years are shown below. Year ( t ) Sales (In Millions of Dollars) 1
The sales records of a company over a period of seven years are shown below.
Year (t) | Sales (In Millions of Dollars) |
1 | 95 |
2 | 90 |
3 | 87 |
4 | 81 |
5 | 78 |
6 | 71 |
7 | 69 |
a. | Develop a linear trend expression for the above time series. (Use the Excel Regression tool) |
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