Below you are given information on John's Hair Salon's profit for the past seven years.
a.Use regression analysis to obtain an expression for the linear trend projection.
b.Forecast John's Hair Salon's profit for the next five years.

Question

Below you are given information on John's Hair Salon's profit for the past seven years.​  
a.Use regression analysis to obtain an expression for the linear trend projection.
b.Forecast John's Hair Salon's profit for the next five years.

Quizplus · Accepted Answer

The Answer of Below you are given information on John's Hair Salon's profit for the past seven years.​  
a.Use regression analysis to obtain an expression for the linear trend projection.
b.Forecast John's Hair Salon's profit for the next five years.

Below You Are Given Information on John's Hair Salon's Profit