Started plotting my business income 5 years ago in 1997. I do it quarterly because later on I want to check for the seasonal variation. My regression equation is:
Income = $2300.00 + 150t
t = time in quarters (3months = quarter)
What kind of fortune (income) should I expect to rake in by the end of year 2003?
This is a sample question so do not make it difficult. I am NOT asking for the cumulative income.
Let's assume that you started plotting income in the 1st quarter of 1997, and that you set t = 0 to be in that quarter. What we need to do here is:
1) Calculate what ...
Basic calculations to predict the income after 6 years of operating a business.