Develop a trend equation for the net sales ($ million) for Home Depot. Consider both a linear

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Develop a trend equation for the net sales ($ million) for Home Depot. Consider both a linear trend and a nonlinear trend. Which one would you select and why? Given the trend equation you selected, forecast the net sales for 2019 and 2020.

Associates Net Sales Mean Amount Year ($ million) Time (000) per Transaction CPI 1993 50.6 9,239 39.13 144.500 1994 67.3 12,477 41.29 148.200 1995 3 80.8 15,470 41.78 152.400 1996 4 98.1 19,535 42.09 156.900 1997 124.4 24,156 43.63 160.500 1998 156.7 30,219 45.05 163.000 1999 7 201.4 38,454 47.87

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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