2. Table below records the quarterly refrigerator sales for the period 2012-2014. Number of 2 3 purchases 2012 46 41 60 63 2013 56 52 66 72 2014 58 56 75 76 a) Find the trend equation using the least squares method. b) Forecast the sales for the 1" quarter of 2015.

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2. Table below records the quarterly refrigerator sales for the period 2012-2014.
Number of
1
2
3
4
purchases
2012
46
41
60
63
2013
56
52
66
72
2014
58
56
75
76
a) Find the trend equation using the least squares method.
b) Forecast the sales for the 1" quarter of 2015.
Transcribed Image Text:2. Table below records the quarterly refrigerator sales for the period 2012-2014. Number of 1 2 3 4 purchases 2012 46 41 60 63 2013 56 52 66 72 2014 58 56 75 76 a) Find the trend equation using the least squares method. b) Forecast the sales for the 1" quarter of 2015.
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