What is your forecast for next year's sales? (Do not round intermediate calculations and round your answer to 2 decimal places.)

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 8P: The management of a technology company is trying to determine the variable that best explains the...
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Sales over the past 10 years are shown below. Using the method of least squares, calculate the values of a and b to complete this regression equation.

 

Year Sales
1 1,640
2 1,850
3 1,240
4 1,250
5 1,980
6 1,400
7 1,060
8 1,430
9 1,050
10 1,990

 

(Indicate a negative answer using a "-" sign. Do not round intermediate calculations and round your answer to 3 decimal places.)

 

 


 

What is your forecast for next year's sales? (Do not round intermediate calculations and round your answer to 2 decimal places.)

 

 
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