# Determine least squares equation.

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A company's net sales is $ million from 1993-2002, determine the least squares equation and based on this info, what are the estimated sales for 2005?

93 - 9,239

94 - 12,477

95 - 15,470

96 - 19,535

97 - 24,156

98 - 30,219

99 - 38,434

00 - 45,738

01 - 53,553

02 - 58,247

https://brainmass.com/statistics/correlation-and-regression-analysis/determine-least-squares-equation-example-problem-112673

#### Solution Preview

We need to use a time-trend to find the regression model for the firm's revenues

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#### Solution Summary

The solution determines the least squares equation. Based on that calculation, the expert estimates sales for 2005.

$2.49