ECON 3406-The sales by Walker’s Milk and Dairy Products in millions

Question
The sales by Walker’s Milk and Dairy Products in millions of dollars for the period from 2007 to 2013 are reported in the following table. Determine the least squares regression trend equation. Estimate the sales for 2014. (Round your answers to 2 decimal places.)

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Year Code Sales ($ millions)
2007 1 17.4
2008 2 18.7
2009 3 20.1
2010 4 21.9
2011 5 23.1
2012 6 24.5
2013 7 25.7

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