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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 $2,000,000 $1,800,000 $2,200,000 $2,400,000 $2,300,000

$2,140,000

$2,225,000

$2,300,000

$2,500,000

Financial Management, Finance

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