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From the following annual data of sales (in 000 .$.) Find the trend values by using least square method. Also estimate the sales of 2014.

From the following annual data of sales (in 000 .$.) Find the trend values by using least square method. Also estimate the sales of 2014.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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From the following annual data of sales (in 000 .$.) Find the trend values by using least square method. Also estimate the sales of 2014. Year 2004 2005 2006 2007 2008 2009 2010 Sales {In 000 $} 77 88 94 85 91 98 90
Transcribed Image Text:From the following annual data of sales (in 000 .$.) Find the trend values by using least square method. Also estimate the sales of 2014. Year 2004 2005 2006 2007 2008 2009 2010 Sales {In 000 $} 77 88 94 85 91 98 90
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