Shown below are rental and leasing revenue figures for office machinery and equipment in the United States

Question:

Shown below are rental and leasing revenue figures for office machinery and equipment in the United States over a seven-year period according to the U.S. Census Bureau. Use these data to construct a trend line and forecast the rental and leasing revenue for the year 2010 using these data.

Year Rental and Leasing ($ millions)

2002 ..........5,860

2003 ..........6,632

2004 ..........7,125

2005 ..........6,000

2006 ..........4,380

2007 ..........3,326

2008 ..........2,642


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: