Q2. Forecast profits for 2020 using linear trend.(10YearsProfit2011122012182013...2014132015122016172020?

Given: The linear trends based on 2020 profits is given as,

Answered: Profit 12

Business

Accounting

Profit 12

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Q2. Forecast profits for 2020 using linear trend.
(10
Years
Profit
2011
12
2012
18
2013
...
2014
13
2015
12
2016
17
2020
?

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