Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000 What would be the forecast for next year's sales using regression to estimate a trend? Next year's sales GA

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter9: Projecting Financial Statements
Section9.4: Estimating Additional Financing Needed To Support Growth
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Suppose a firm has had the following historic sales figures.
Year: 2009
2010
2011
2012
2013
Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000
What would be the forecast for next year's sales using regression to estimate a trend?
Next year's sales
Transcribed Image Text:Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000 What would be the forecast for next year's sales using regression to estimate a trend? Next year's sales
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