Solution-Develop the equation for the linear trend

Hudson Marine has been an authorized dealer for C&D marine radios for the past seven years. The number of radios sold each year is shown.

99_Linear Trends.png

a. Graph this time series. Does a linear trend appear?

b. Develop the equation for the linear trend component for the time series.

c. Use the linear trend developed in part (b) to prepare a forecast for sales in year 8.

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