I don't really understand how to estimate revenue. I have been given revenues from previous years...

I don't really understand how to estimate revenue. I have been given revenues from previous years and I am being asked to estimate the revenue for FY2020 and explain my rationale. Please help thank you! Please show all relevant work so I can understand how you got to the answer. Thank you!

PS: if possible please use regression including a graph.

Year	Revenue Collections
2002	$ 329,687
2003	$ 384,829
2004	$ 378,109
2005	$ 447,858
2006	$ 523,845
2007	$ 621,253
2008	$ 824,460
2009	$ 739,140
2010	$ 821,729
2011	$ 1,035,700
2012	$ 901,902
2013	$ 867,344
2014	$ 857,415
2015	$ 885,966
2016	$ 963,744
2017	$ 1,141,337
2018	$ 1,201,877
2019	$ 1,116,045
2020

Expert Solution

regression equation is

y= 48570x+ 318766

Forecast for 2020 = 48570*19+ 318766 =

1241596.00

WORKINGS

jeff jeffy answered 2 weeks ago

I have a homework class, but I don't really understand anything and I have to submit...

I have a homework class, but I don't really understand anything and I have to submit my homework next week. Homework must be written in C ++ program language. Can someone help me please... Working with classes (everything written below is one task): Define a class Date that contains integer variables for day, month, and year. 1.1. Create the necessary methods for the class: set, get, default constructor, constructor with arguments. 1.2. Create a method that calculates the number of...

please I don't really know how to start answering this question I really need to understand...

please I don't really know how to start answering this question I really need to understand it please show the work with a clear handwriting A collision in one dimension A mass m1 = 2 kg moving at v1i = 3 ms−1 collides with another mass m2 = 4 kg moving at v2i = −2 ms−1. After the collision the mass m1 moves at v1f = −3.66 ms−1. (a) Calculate the final velocity of the mass m2. (b) After the...

HI, I hope you are doing well. I really don't understand this question and don't know...

HI, I hope you are doing well. I really don't understand this question and don't know how to solve it at all because I am completely new to this c++ programming. can you please explain each line of code with long and clear comments? please think of me as someone who doesn't know to code at all. and I want this code to be written in c++ thank you very much and I will make sure to leave thumbs up....

I really don't understand what the following question is trying to ask. In regards to medical...

I really don't understand what the following question is trying to ask. In regards to medical marijuana was there a trade-off between science and politics?

Hi, I have the answers, but I don't understand how to get the answers. Please explain...

Hi, I have the answers, but I don't understand how to get the answers. Please explain thoroughly. Bob earns ($25,000) in passive losses from BHI partnership. He has an outside basis of $40,000 of which $30,000 comes from non-recourse debt, and he has passive income of $50,000. What are the tax consequences to Bob? $10,000 deductible loss What basis does Bob take in his partnership interest? $15,000 How much is Bob at-risk after the allocation? 0 How much, if any...

I have the answers for these questions, according to my study guide. I don't understand how...

I have the answers for these questions, according to my study guide. I don't understand how the answers were obtained, though, so please show work! A) You are planning to take two exams. According to the records, the failure rates for the two exams are 15% and 25%, respectively. Additionally, 80% of the student who passed the exam 1 passed exam 2. (The 80% is based on the given condition.) What will be the probability that you fail the 1st...

I don't understand how the bonds chart work.

This has been previously answered but I don't understand, no one did the Ho and Ha,...

This has been previously answered but I don't understand, no one did the Ho and Ha, could someone please explain step by step with formulas? A realtor wishes to compare the square footage of houses of similar prices in 4 different cities. He took a sample of 5 houses from City 1, 4 houses from City 2, 6 houses from City 3, and 7 houses from City 4. Sum of Squares Total is 71.06 and Mean Squares Between is 8.75....

I have trouble when solving this problem. I don't understand "There are more than half of...

I have trouble when solving this problem. I don't understand "There are more than half of the Final scores " could refer to which? Please help me in solving this. Test the hypothesis that there are more than half of the Final scores that are 5 or below, at the significance level of 5%. Final Scores 9.2 4.8 6.6 5.8 3.4 5 5.8 3.4 2.2

greetings, I don't understand how to answer the question "static and flexible budget" or how to...

greetings, I don't understand how to answer the question "static and flexible budget" or how to determine if customer support controled their costs well. Thanks for your help

Question