(Steps Shown) Determine the Regression Equation (10.0 points) Consider the following annual sales data for 1996-2003, use the linear regression method and


Question: Determine the Regression Equation (10.0 points)
Consider the following annual sales data for 1996-2003, use the linear regression method and determine the estimated sales equation. HINT: Remember to use period numbers. Refer to your book's example on the linear trend line.

  1. y = 2.63 + 0.21x
  2. y = 2.63 - 0.21x
  3. y = -0.21 + 2.63x
  4. y = 0.21 - 2.63x

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