Consider the following annual sales data for 2001-2008:
$$\begin{array} { | c | c | }
\hline \text { Year } & \text { Sales } \
\hline 2001 & 2 \
\hline 2002 & 4 \
\hline 2003 & 10 \
\hline 2004 & 8 \
\hline 2005 & 14 \
\hline 2006 & 18 \
\hline 2007 & 17 \
\hline 2008 & 20 \
\hline
\end{array}$$
-Use the linear regression method and determine the estimated sales equation.

Question

Consider the following annual sales data for 2001-2008:
 $$\begin{array} { | c | c | } 
\hline \text { Year } & \text { Sales } \
\hline 2001 & 2 \
\hline 2002 & 4 \
\hline 2003 & 10 \
\hline 2004 & 8 \
\hline 2005 & 14 \
\hline 2006 & 18 \
\hline 2007 & 17 \
\hline 2008 & 20 \
\hline
\end{array}$$
-Use the linear regression method and determine the estimated sales equation.

Quizplus · Accepted Answer

The Answer of Consider the following annual sales data for 2001-2008:
 $$\begin{array} { | c | c | } 
\hline \text { Year } & \text { Sales } \
\hline 2001 & 2 \
\hline 2002 & 4 \
\hline 2003 & 10 \
\hline 2004 & 8 \
\hline 2005 & 14 \
\hline 2006 & 18 \
\hline 2007 & 17 \
\hline 2008 & 20 \
\hline
\end{array}$$
-Use the linear regression method and determine the estimated sales equation.

Consider the Following Annual Sales Data for 2001-2008 -Use the Linear Regression Method and Determine the Estimated Sales