Sales using regression to estimate trend

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Suppose a firm has had the following historic sales figures. Year: 2012 2013 2014 2015 2016 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000 What would be the forecast for next year’s sales using regression to estimate a trend?

Please explain with simple math steps

Reference no: EM131967554

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