Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2020...

Suppose a firm has had the following historic sales figures.

Year:	2016	2017	2018	2019	2020
Sales	$1,450,000	$1,710,000	$1,600,000	$2,000,000	$1,850,000

What would be the forecast for next year’s sales using regression to estimate a trend?

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Expert Solution

Please find attached the output image for the forecast with formula and regression summary.

jeff jeffy answered 2 years ago

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