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 $ 4,866.2 2 5,075.6 3 5,518.5 4 5,719.4 5 5,495.4 6 5,198.0 7 $ 5,091.9 8 5,105.8 9 5,551.2 10 5,738.9 11 5,868.2 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 millions.) YEAR REVENUE (MILLIONS) 1 $ 4,866.2 2 5,075.6 3 5,518.5 4 5,719.4 5 5,495.4 6 5,198.0 7 $ 5,091.9 8 5,105.8 9 5,551.2 10 5,738.9 11 5,868.2 Period Forecast 12 13 14 15
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 17HP
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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 | $ | 4,866.2 | |
2 | 5,075.6 | ||
3 | 5,518.5 | ||
4 | 5,719.4 | ||
5 | 5,495.4 | ||
6 | 5,198.0 | ||
7 | $ | 5,091.9 | |
8 | 5,105.8 | ||
9 | 5,551.2 | ||
10 | 5,738.9 | ||
11 | 5,868.2 | ||
|
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