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 October 1, 2020, 9:52 pm ad1c9bdddf
Taking 1992 as year 0, we have 1993 as year 1, 1994 as year 2 etc.
This solution provides a neat, step by step response which illustrates how to estimate sales for 2005. An Excel file accompanies this response and includes all of the output values for the results and a scatter plot.