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    Creating a Least Squares Equation

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    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 12,477
    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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    https://brainmass.com/statistics/ordinary-least-squares/creating-a-least-squares-equation-62803

    Solution Summary

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    $2.19