Suppose a firm has had the historical sales figures shown as follows. What would be the forecast for next year's sales using regression to estimate a trend?
Year 2008 2009 2010 2011 2012
Sales 12,000,000 11,800,000 12,200,000 12,400,000 12,300,000
$12,000,000
$12,140,000
$12,300,000
$12,500,000