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Forecast sales in the coming year (Year 5) using the regression results above.

Forecast sales in the coming year (Year 5) using the regression results above.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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N5

The following table lists your company's sales during the last four years. Year 1 Year 2 Year 3 Year 4 Sales 105 108 118 108 Using a computer program, you estimated the linear trend equation, S = a + b*t. Part of the regression result is given below: Coefficients Standard Error t Stat P-value Intercept 110.9 8.3382 13.4922 0.0054 Year -1.1 3.0447 -0.6240 0.5963 Forecast sales in the coming year (Year 5) using the regression results above. (Do not include $ sign. Round your answer to 1 decimal place.)
Transcribed Image Text:The following table lists your company's sales during the last four years. Year 1 Year 2 Year 3 Year 4 Sales 105 108 118 108 Using a computer program, you estimated the linear trend equation, S = a + b*t. Part of the regression result is given below: Coefficients Standard Error t Stat P-value Intercept 110.9 8.3382 13.4922 0.0054 Year -1.1 3.0447 -0.6240 0.5963 Forecast sales in the coming year (Year 5) using the regression results above. (Do not include $ sign. Round your answer to 1 decimal place.)
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