Regression model number of employees in Excel
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The number of Employees of a major high tech company for 1999-2004 is given below:
Year Employees (in 000)
1 45, 600
2 42,200
3 41,100
4 39, 300
5 34,300
6 30,300
Determine the least square trend equation.
Estimate the number of employees in 2008.
By how much the number of employees decreases (or increases) per year on the average?
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Solution Summary
The solution provides step by step method for the calculation of regression equation for number of employees . Formula for the calculation and Interpretations of the results are also included.
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