Determine the equation of the trend line through the following cost data.Use the equation of the line

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Determine the equation of the trend line through the following cost data.Use the equation of the line to forecast cost for year 7.

Year Cost ($ millions)

1 .......56

2 .......54

3 .......49

4 .......46

5 .......45

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Business Statistics for Contemporary Decision Making

ISBN: 978-0470910184

6th Edition

Authors: Ken Black

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Question Posted: Mar 19, 2013 05:51 AM

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Determine the equation of the trend line through the following cost data.Use the equation of the line

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Year Cost 1 56 2 54 3 49 4 46 5 45 x 15 y 250 xy 720 ...View the full answer

Business Statistics for Contemporary Decision Making

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