Question 1805 The sales records of a company over a period o
{Question 18.05}
The sales records of a company over a period of seven years are shown below.
Develop a linear trend expression for the above time series.
Tt =________ + ________t
Forecast sales for period 10.
$ ________
Solution
t=14.4643+1.4643t
forecasted value is
t=14.4643+1.4643*10=28.10.
