Regression equation is in this format:
predicted y = a + bx
...where a = intercept and b = slope.
Determine the equation, then substitute 2012 for x to find predicted y (forecasting the rental and leasing revenue).
This assignment requires you to use Excel. In question 1, you will use the charting features. In
questions 2 and 3, use the regression tool from the analysis toolpack.
There is no template for this assignment. Make sure you explain your answers and provide the
regression output tables for questions 1 and 2.
Question 1
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
1 answer
1 answer