The Least Squares Trend Equation and Estimate Vending Sales
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The amounts spent in vending machines in the United States, in billions of dollars, for the years 1997 through 2001 are given below. Determine the least squares trend equation, and estimate vending sales for 2003.
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Solution Summary
This tutorial provides instructions for determining the least squares trend equation and estimate vending sales for the amount spent in vending machines in the United States.
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