Item$5$

$0\mathrm{.}6$

points

eBook Ask Print References Check my work Check My Work button is now enabled $3$ Item $5$

Problem $3-31($Algo$)$

The following are sales revenues for a large utility company for years $1$ through $11.$ Forecast revenue for years $12$ through $15.$ Because we are forecasting four years into the future, you will need to use linear regression as your forecasting method.

Note: Enter your answers in millions.

YEAR REVENUE $($MILLIONS$)$

$1$ $$4,865\mathrm{.}8$

$25,059\mathrm{.}7$

$35,521\mathrm{.}2$

$45,727\mathrm{.}6$

$55,494\mathrm{.}8$

$65,189\mathrm{.}1$

$75,090\mathrm{.}3$

$85,102\mathrm{.}3$

$95,551\mathrm{.}3$

$105,731\mathrm{.}0$

$115,854\mathrm{.}2$