Run a linear regression and then forecast leasing revenue, Basic Statistics

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Run a linear regression and then forecast leasing revenue

Shown below are rental and leasing revenue figures for office machinery and equipment in the United States over a seven-year period according to the U.S. Census Bureau. Use these data to run a linear regression and then forecast the rental and leasing revenue for the year 2012.

Year Rental and Leasing ($ millions)
2004 5,860
2005 6,632
2006 7,125
2007 6,000
2008 4,380
2009 3,326
2010 2,642

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Basic Statistics: Run a linear regression and then forecast leasing revenue

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Basic Statistics: Run a linear regression and then forecast leasing revenue

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