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Suppose a firm has had the following historic sales figures. Years: 2009, 2010, 2011, 2012, 2013 Sales:
Suppose a firm has had the following historic sales figures.
Years: 2009, 2010, 2011, 2012, 2013
Sales: 2009 - 1,530,000
2010 - 1,720,000
2011 - 1,560,000
2012 - 2,100,000
2013 - 1,850,000
What would be the forecast for next year's sales using regression to estimate a trend?