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Use the sales data given below to determine the least squares trend line. (15 pts) the predicted value for 2024 sales. (5 pts) USING EXCEL
Use the sales data given below to determine
- the least squares trend line. (15 pts)
- the predicted value for 2024 sales. (5 pts)
USING EXCEL
Year | Sales (units) | Year | Sales (units) |
2017 | 130 | 2021 | 169 |
2018 | 140 | 2022 | 182 |
2019 | 152 | 2023 | 194 |
2020 | 160 | 2024 | ? |
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Mathematics for Economics and Business
Authors: Ian Jacques
9th edition
129219166X, 9781292191706 , 978-1292191669
