The annual profits for a company are given in the following table, where x represents the number of years since 2006, and y represents the profit in
thousands of dollars. Write the linear regression equation that represents this
set of data, rounding all coefficients to the nearest hundredth. Using this
equation, find the projected profit (in thousands of dollars) for 2014, rounded
to the nearest thousand dollars.
Years since 2006 (x)
Profits (y)
(in thousands of dollars)
0
69
1
75
2
75
3
87