Equations of square trend

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Reference no: EM1398468

Determine the least squares equation. According to this information, what are the estimated sales for 2005?

Listed below is the net sales in $ million for Home Depot, Inc. and its subsidiaries from 1993 to 2002.

Determine the least squares trend equation. Estimate the amount of scrap for the year 2005.

Year Net Sales

1993

9,239

1994

12,477

1995

15,470

1996

19,535

1997

24,156

1998

30,219

1999

38,434

2000

45,738

2001

53,553

2002

58,247

Reference no: EM1398468

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