Question: Use the sales data given below to determine the least squares trend line. (15 pts) the predicted value for 2024 sales. (5 pts) Using data
Use the sales data given below to determine
- the least squares trend line. (15 pts)
- the predicted value for 2024 sales. (5 pts)
Using data analysis with regression
Year | Sales (units) | Year | Sales (units) |
2017 | 130 | 2021 | 169 |
2018 | 140 | 2022 | 182 |
2019 | 152 | 2023 | 194 |
2020 | 160 | 2024 | ? |
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