1. A company's sales (in dollars) appear to be increasing linearly. In 2015 the company's sales were $13,400,000 and in 2020 they were $25,900,000. Determine the linear trend equation that expresses the company's sales (S) in terms of elapsed time in years (r). [Code elapsed years so that = 0 represents the year 2015]. The equation that expresses the company's sales (S) in terms of the elapsed time in years (r) is What is the meaning of the slope of the equation?

1. A company's sales (in dollars) appear to be increasing linearly. In 2015 the company's sales were $13,400,000 and in 2020 they were $25,900,000. Determine the linear trend equation that expresses the company's sales (S) in terms of elapsed time in years (r). [Code elapsed years so that = 0 represents the year 2015]. The equation that expresses the company's sales (S) in terms of the elapsed time in years (r) is What is the meaning of the slope of the equation?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 2E

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