Consider again the data in Problem 10. a. Using a computer program, estimate the linear increasing trend
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a. Using a computer program, estimate the linear increasing trend equation, S = a + bt, using OLS regression.
b. According to your regression statistics, how well does your estimated equation explain past variations in sales?
c. Use your equation to forecast sales in the coming year. What margin of error would you attach to your forecast?
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a The estimated trend equation is S 95 55t using OLS regression b ...View the full answer
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Related Book For
Managerial economics
ISBN: 9781118041581
7th edition
Authors: william f. samuelson stephen g. marks
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