Answer to Question #154115 in Economics for Goldy

Question

The sales of a company in million of rupees for the years 1994-2001 are given below:

Year: 1994 1995 1996 1997 1998 1999 2000 2001

Sales: 550 560 555 585 540 525 545 585

Fit a trend Line

Estimate the sales for the year 1993.    

Answer 1

A trend line is a line drawn over pivot highs or under pivot lows to show the prevailing direction of sales.

The sales for the year 1993 will be between 540 and 560 million of rupees.