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?© BrainMass Inc. brainmass.com December 24, 2021, 7:33 pm ad1c9bdddf
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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