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# Statistics: The Least Squares Equation

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

Task: 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/statistics-least-squares-equation-198393

## SOLUTION This solution is FREE courtesy of BrainMass!

Taking 1992 as year 0, we have 1993 as year 1, 1994 as year 2 etc.
Using Excel, the regression equation is Net Sales = 5713.357576 * Year + (-716.6666667)
[See the Excel file which is attached]
In 2005, the Year = 13
Net Sales = 5713.357576 * 13 + (-716.6666667) = \$73556.9818 million.

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This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

Â© BrainMass Inc. brainmass.com December 24, 2021, 7:33 pm ad1c9bdddf>
https://brainmass.com/statistics/ordinary-least-squares/statistics-least-squares-equation-198393