After a somewhat uncertain start, e-commerce sales in the United States have been growing for the past several years. Shown below are quarterly e-commerce sales figures ($ billions) released by the Census Bureau for the United States over a three-year period. Use these data to determine the equation of a trend line fore-commerce sales during this time and use the trend “model” to forecast e-commerce sales for the third quarter of the year 2010.
Year
Quarter
Sales ($ billions)
2006
1
11.93
2
12.46
3
13.28
4
15.08
2007
16.08
16.82
17.60
18.66
2008
19.73
21.11
22.21
22.94
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