I am trying to interpret this regression analysis When I use

I am trying to interpret this regression analysis. When I use predicted sales and actual sales, what do these results mean? Could somone please help explain this in fairly simple terms?

Solution

Actual sales means which are found from the previous records and predicted sales are the sales which are predicted by regression model fitted to the given data.

Putting the value of X-variable in the regression model, gives the predicted value of Y.