Find regression equation if company- method for forecasting, Operation Management

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Find regression equation if company- method for forecasting

An electronics company exports personal computers. Their PC sales in thousands over the past five years are given below:

Year Sales
1 5
2 9
3 12
4 15
5 20

What is the regression equation if the company wants to use that method for forecasting sales? Based on the coefficients of correlation and determination, would you recommend that they use this method? Why, or why not?

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Operation Management: Find regression equation if company- method for forecasting

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Operation Management: Find regression equation if company- method for forecasting

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Reference No:- TGS078476

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