A firm needs to develop a sales forecast for next year. it believes that its annual sales are related to the sales of its industry. it has prepared these historical data.industry sales ( millions of dollars)firms annual sales ( number of boats)97632910683328453157633211125345689329837331if the industry estimates next year's sales at $820 million, use simple linear regression to forecast annual demand for the firm's boats for next year.

Given industry sales ( millions of dollars) firms annual sales ( number of boats) 976 329…

Answered: if the industry estimates next year's…

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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A firm needs to develop a sales forecast for next year. it believes that its annual sales are related to the sales of its industry. it has prepared these historical data.

industry sales ( millions of dollars)	firms annual sales ( number of boats)
976	329
1068	332
845	315
763	321
1125	345
689	329
837	331

if the industry estimates next year's sales at $820 million, use simple linear regression to forecast annual demand for the firm's boats for next year.

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