Question: I need help with how to type the formula into excel for this homework. I cant find the right functions for regression. I know long

I need help with how to type the formula into excel for this homework. I cant find the right functions for regression. I know long hand how to do it but struggle with these excel simulations which only allow for a few tries. I tend to get them wrong with one step missing.
 I need help with how to type the formula into excel
for this homework. I cant find the right functions for regression. I

Regression Sales Forecast- Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW obCalibri B 1 u . |2 A Alignment Number Conditional Format as Cell CellsEditing Formatting Table Styles oard D Font Styles AB Suppose a firm has had the following historic sales figures. Year 2009 2010 2011 2012 2013 Sales 1,410,000 S 1,670,000 S 1,580,000 2,170,000 1,810,000 What would be the forecast for next year's sales using regression to estimate a trend? Year 2009 2010 2011 2012 2013 Sales $ 1,410,000 $ 1,670,000 $ 1,580,000 $2,170,000 $ 1,810,000 0 12 13 14 15 pe here to search

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!