Develop Regression Graph
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A company is interested in knowing which the potential sales are next year if you use $ 20,000 in advertising expenses. The company uses the information from previous years to make its sales forecast.
The data are:
Year Sales Advertising
$000 $ 000
1 15 2
2 25 3
3 45 3
4 95 5
5 130 8
6 180 9
7 240 12
8 300 14
Develop Regression graph for this problem.
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Solution Summary
The expert develops regression graphs for potential sales. A complete, neat and step-by-step solution is provided in the attache Excel file.
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