# Determining a least squares equation

Listed below is the net sales in $ million for Home Depot, Inc. and its subsidiaries from 1993 to 2002.

Year Net Sales

1993 9,239

1994 12,447

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

This solution determines a least squares equation for a set of data and estimates sales.

$2.19