▸ Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $ 1,410,000 $ 1,670,000 $1,580,000 $ 2,170,000 $ 1,810,000 What would be the forecast for next year's sales using regression to estimate a trend? Next vear's sales Sheet1 Year 2009 2010 2011 2012 2013 www Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations. SSSSS + Sales 1,410,000 1,670,000 1,580,000 2,170,000 1,810,000

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 23PFA
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am. 13.

Suppose a firm has had the following historic sales figures.
Year:
2009
2010
2011
2012
2013
Sales $1,410,000 $1,670,000 $ 1,580,000 $ 2,170,000 $ 1,810,000
What would be the forecast for next year's sales using regression to estimate a trend?
Year
2009
2010
2011
2012
2013
Next year's sales
Sheet1
LOD
SSSSS
+
$
Complete the following analysis. Do not hard code values in your calculations,
and do not round intermediate calculations.
$
Sales
1,410,000
1,670,000
1,580,000
2,170,000
1,810,000
Transcribed Image Text:Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $1,410,000 $1,670,000 $ 1,580,000 $ 2,170,000 $ 1,810,000 What would be the forecast for next year's sales using regression to estimate a trend? Year 2009 2010 2011 2012 2013 Next year's sales Sheet1 LOD SSSSS + $ Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations. $ Sales 1,410,000 1,670,000 1,580,000 2,170,000 1,810,000
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