Year Sales ($millions) y 2000 470 2001 485 2002 499 2003 515 2004 532 2005 532 2006 556 2007 576 2008 583 2009 587 2010 601 2011 605 b. Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. c. What is the sales forecast (in millions of dollars) for the year 2012?

y=mx+b

step-by-step explanation:

m slope, b y-intercept

ur mom

step-by-step explanation:

take the logarithm of both sides (the base of the log doesn't matter):

apply the exponent property - this says that :

distribute the log terms on both sides:

group like terms together:

divide through both sides by the coefficient on :

you can do some additional rewriting here using the properties of the logarithm to simplify things if you like: