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Math · Statistics And Probability
Question details
Quarterly revenues (in $1,000,000's) for a national restaurant chain for a five-year period were as follows:
Quarter Year 1 Year 2 Year 3 Year 4 Year 5
1 33 42 54 70 85
2 36 40 53 67 82
3 35 42 54 70 87
4 38 47 62 77 99
a. Solve for the forecast equation that minimizes the sum of squared error.
b. Forecast the four quarters of year 6.
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