Suppose a firm has had the following historic sales figures.Year:201620172018201920280$5,670,000Sales $2,560,000 $3,820,000$4,480,000 $5,050,000What would be the forecast for next year's sales using regression to estimate a trend?Next year's sales

The question is about forecasting.Given :To find :Forecast for next year using regression

Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2820 Sales $2,560,000 $3,820,000 $4,480,000 $5,ese,eee $5,678,888 What would be the forecast for next year's sales using regression to estimate a trend? Next year's sales

Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2820 Sales $2,560,000 $3,820,000 $4,480,000 $5,ese,eee $5,678,888 What would be the forecast for next year's sales using regression to estimate a trend? Next year's sales

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter1: Functions

Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy

Problem 2EA

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Question

Suppose a firm has had the following historic sales figures.
Year:
2016
2017
2018
2019
20280
$5,670,000
Sales $2,560,000 $3,820,000
$4,480,000 $5,050,000
What would be the forecast for next year's sales using regression to estimate a trend?
Next year's sales

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