Suppose a firm has had the following historic sales figures
Suppose a firm has had the following historic sales figures.
Year: 2009 2010 2011 2012 2013
Sales $2,540,000 $3,670,000 $4,480,000 $4,900,000 $5,580,000
What would be the forecast for next year’s sales using regression to estimate a trend?
Next year’s sales$