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Suppose a firm has had the following historic sales figures:
2009: 1,450,000
2010: $ 1,710,000
2011 : $ 1,600,000
2012: $ 2,000,000
2013: $ 1,850,000
What would be the forecast for next year's sales using regression to estimate a trend?"
Verified Expert
The solution contains the sales forecast of a series of Sales figures.The solution is done using Slope, Intercept & Forecast functions of excel. By using the above functions, the Sales figure for the upcoming year is being forecaster.
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