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...


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



1



16.08





2



16.82





3



17.60





4



18.66



2008



1



19.73





2



21.11





3



22.21





4



22.94




May 20, 2022
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