Sales of a particular product for the years 2017 through 2020 have been 47,505, 53,010, 49,385 and 81,933 respectively. What sales would you forecast for 2021 using the simple regression (least squares) method?
Sales of a particular product for the years 2017 through 2020 have been 47,505, 53,010, 49,385 and 81,933 respectively. What sales would you forecast for 2021 using the simple regression (least squares) method?
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 2ECP
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Sales of a particular product for the years 2017 through 2020 have been 47,505, 53,010, 49,385 and 81,933 respectively.
What sales would you forecast for 2021 using the simple regression (least squares) method?
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