Sales of a particular product for the years 2017through 2020 have been 47,484, 55,230, 57,412 and75,305 respectively.If you are going to find the sales forecast by usingsimple regression (least squares) method, whatwould be the value of (a) for the regressionequation?

The simple linear regression equation is used to predict the value of response variable using one…

Answered: Sales of a particular product for the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Sales of a particular product for the years 2017 through 2020 have been 47,484, 55,230, 57,412 and 75,305 respectively. If you are going to find the sales forecast by using simple regression (least squares) method, what would be the value of (a) for the regression equation?