Least squares equation
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Can you please walk me throught this problem? I am stuck and excel is not cooperating.
Listed below are the net sales for Schering-Plough Corporation (a pharmaceutical company) and its subsidiaries for the six years from 1997 to 2002. The net sales are in millions of dollars.
Year
Net Sales
1997
$ 6,714
1998
7,991
1999
9,075
2000
9,775
2001
9,762
2002
10,180
Determine the least squares equation (and include it in your response).
According to this information, what are the estimated sales for 2005?
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Solution Summary
Solution contains the least squares equation and calculations of estimated sales.
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