The following are sales revenues for a large utility company for years 1 through 11. Forecast revenue for years 12 through 15. Because we are forecasting four years into the future, you will need to use linear regression as your forecasting method. (Enter your answers In mlons.) YEAR REVENJE (MILLIONS) $4,875.0 5,865.7 5,523.4 5,729.9 5,5ee.9 5,198.0 $5,097.2 5,112.3 5,553.8 5,734.4 5,863.5 2 3 10 11 Period Forecast 12 13 14 15
The following are sales revenues for a large utility company for years 1 through 11. Forecast revenue for years 12 through 15. Because we are forecasting four years into the future, you will need to use linear regression as your forecasting method. (Enter your answers In mlons.) YEAR REVENJE (MILLIONS) $4,875.0 5,865.7 5,523.4 5,729.9 5,5ee.9 5,198.0 $5,097.2 5,112.3 5,553.8 5,734.4 5,863.5 2 3 10 11 Period Forecast 12 13 14 15
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
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Question
![Problem 3-31 (Algo)
The following are sales revenues for a large utility company for years 1 through 11. Forecast revenue for years 12 through 15. Because
we are forecasting four years into the future, you will need to use linear regression as your forecasting method. (Enter your answers In
mlons.)
YEAR
REVENJE (MILLIONS)
$4,875.0
5,865.7
5,523.4
5,729.9
5,500.9
5,190.0
$5,097.2
5,112.3
5,553.8
5,734.4
5,863.5
1
2
10
11
Period
Forecast
12
13
14
15](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9da8044b-8d4c-475d-be39-5b4e20eea398%2F98bb73ed-fc13-4e5d-8a73-3f73be566472%2Fbnrvp_processed.png&w=3840&q=75)
Transcribed Image Text:Problem 3-31 (Algo)
The following are sales revenues for a large utility company for years 1 through 11. Forecast revenue for years 12 through 15. Because
we are forecasting four years into the future, you will need to use linear regression as your forecasting method. (Enter your answers In
mlons.)
YEAR
REVENJE (MILLIONS)
$4,875.0
5,865.7
5,523.4
5,729.9
5,500.9
5,190.0
$5,097.2
5,112.3
5,553.8
5,734.4
5,863.5
1
2
10
11
Period
Forecast
12
13
14
15
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