Use the linear regression method

Reference no: EM13292105

Consider the following annual sales data for 2003-2010, use the linear regression method and determine the regression equation that yields an estimated sales forecast.

Year | Sales
2003 | 2
2004 | 4
2005 | 10
2006 | 8
2007 | 14
2008 | 18
2009 | 17
2010 | 20

a) Y = -5267.4 + 2.6309X
b)Y = -5267.4 + 3.4102X
c) Y = 5267.4 + 2.6309X
d)Y = 5267.4 + 3.4102X

Reference no: EM13292105

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