Least Squares Equation
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Listed below is the net sales in $ million for Home Depot, Inc. and its subsidiaries from 1993 to 2002.
1993 $9239
1994 $12,477
1995 $15,470
1996 $19,535
1997 $24,156
1998 $30,219
1999 $38,434
2000 $45,738
2001 $53,553
2002 $58,247
Determine the least squares equation. On the basis of this information, what are the estimated sales for 2005.
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Solution Summary
Excel file contains the least squares equation and calculation of the estimated sales for 2005.
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