Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2020 Sales $2,570,000 $3,750,000 $4,380,000 $5,010,000 $5,520,000 What would be the forecast for next year’s sales using regression to estimate a trend?

Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2020 Sales $2,570,000 $3,750,000 $4,380,000 $5,010,000 $5,520,000 What would be the forecast for next year’s sales using regression to estimate a trend?

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

Section: Chapter Questions

Problem 115RE: Sales Barnes & Noble had annual sales of $6.8 billion in 2013 and $6.1 billion in 2015. Use the...

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Question

Suppose a firm has had the following historic sales figures.

Year: 2016 2017 2018 2019 2020

Sales $2,570,000 $3,750,000 $4,380,000 $5,010,000 $5,520,000

What would be the forecast for next year’s sales using regression to estimate a trend?

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