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[Step-by-Step] Hudson Marine has been an authorized dealer for CD marine radios for the past seven years. The number of radios sold each year is shown.

Question: Hudson Marine has been an authorized dealer for C&D marine radios for the past seven years. The number of radios sold each year is shown.

Year 1 2 3 4 5 6 7

# Sold 35 50 75 90 105 110 130

Graph this time series. Does a linear trend appear?
Develop the equation for the linear trend component for the time series.
Use the linear trend developed in part (b) to prepare a forecast for sales in year 8.

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

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[Step-by-Step] Hudson Marine has been an authorized dealer for CD marine radios for the past seven years. The number of radios sold each year is shown.

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