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Use the sales data given below to determine: (a) the least squares trend line, and (b) the predicted value for 2008 sales. Year Sales (Units)
- Use the sales data given below to determine: (a) the least squares trend line, and (b) the predicted value for 2008 sales.
Year | Sales (Units) |
2001 | 100 |
2002 | 110 |
2003 | 122 |
2004 | 130 |
2005 | 139 |
2006 | 152 |
2007 | 164 |
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