Annual sales of Macro company as follows: Year 2016 2017 2018 2019 2020 Sales (in Millions) 200 250 300 350 400 a) Find the trend values for the years 2019 and 2020 by using the method of least squares. b) Estimate the annual sales for the years 2021 and 2022.
Annual sales of Macro company as follows: Year 2016 2017 2018 2019 2020 Sales (in Millions) 200 250 300 350 400 a) Find the trend values for the years 2019 and 2020 by using the method of least squares. b) Estimate the annual sales for the years 2021 and 2022.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 34EQ
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