**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 millions.)| Year | Revenue (Millions) ||------|---------------------|| 1 | $4,875.9 || 2 | 5,065.7 || 3 | 5,523.4 || 4 | 5,729.9 || 5 | 5,508.9 || 6 | 5,198.0 || 7 | 5,997.2 || 8 | 5,112.3 || 9 | 5,553.8 || 10 | 5,734.4 || 11 | 5,863.5 || Period | Forecast ||--------|----------|| 12 | || 13 | || 14 | || 15 | |**Explanation:**This table displays yearly sales revenues (in millions) for a utility company over the span of eleven years. The task is to apply linear regression to predict the revenues for the subsequent four years, given the past data.

Year ( X ) REVENUE ( Y ) XY X2 1 4875.0 4875 1 2 5065.7 10131.4 4 3 5523.4 16570.2 9…

Answered: The following are sales revenues for a…

Practical Management Science

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Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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