Compute the equation of a trend line similar to equation 54, Econometrics

Compute the equation of a trend line similar to equation 54

The Questor Corporation has experienced the following sales pattern over a 10-year period:

a. Compute the equation of a trend line (similar to Equation 5.4) for these sales data to forecast sales for the next year. (Let 1997 = 0, 1998 = 1, etc., for the time variable.) What does this equation forecast for sales in the year 2007?

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Econometrics: Compute the equation of a trend line similar to equation 54

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Econometrics: Compute the equation of a trend line similar to equation 54

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