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 2013 2014 2015 2016 2017Sales $12,000,000 $11,800,000 $12,200,000 $12,400,000 $12,300,000
A. $12,000,000
B. $12,140,000
C. $13,100,000
D. $12,300,000
Answer: C
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