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What would be the forecast for next year sales

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Reference no: EM131315034

Suppose a firm has had the historical sales figures shown as follows.

What would be the forecast for next year's sales using REGRESSION to estimate a trend?

2008: $2,000,000 2009: $1,800,000 2010: $2,200,000 2011: $2,400,000 2012: $2,300,000

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In the given question sales forecast for the year 2013 has been calculated using the concept of regression. the intercept and slope has been calculated and then using the same the sales have been calculated. the sales so calculated is $ 2,500,000.

Reference no: EM131315034

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