Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000 What would be the forecast for next year's sales using regression to estimate a trend? Next year's sales GA
Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000 What would be the forecast for next year's sales using regression to estimate a trend? Next year's sales GA
Chapter9: Projecting Financial Statements
Section9.4: Estimating Additional Financing Needed To Support Growth
Problem 3CC
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![Suppose a firm has had the following historic sales figures.
Year: 2009
2010
2011
2012
2013
Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000
What would be the forecast for next year's sales using regression to estimate a trend?
Next year's sales](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbd00486b-cd80-44b0-af61-ec124753c61e%2Fa1a584b2-ad3c-49d1-aa99-b2522c78b73b%2Fd8pgelt_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose a firm has had the following historic sales figures.
Year: 2009
2010
2011
2012
2013
Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000
What would be the forecast for next year's sales using regression to estimate a trend?
Next year's sales
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