Calculate regression equation


Problem: Tucson Machinery, Inc. manufactures numerically controlled machines, which sell for an average price of $0.50 million each. Sales for these NCMs for the past two years were as follows:

Quarter    Quantity     Quarter    Quantity

    I           12            I        16
    II         18            II        24
    III        26            III        28
    IV        16            IV        18

a. Calculate regression equation

b. Forecast sale for the year 2000 and 2001

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Accounting Basics: Calculate regression equation
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