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    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

    © BrainMass Inc. brainmass.com June 3, 2020, 7:49 pm ad1c9bdddf
    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
    Define explanatory ...

    Solution Summary

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

    $2.19

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