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Mop and Broom Manufacturing has tracked the number of units

Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over the past 24 months. This is shown.

(a) Develop a linear trend line for the data.

(b) Compute a correlation coefficient for the data and evaluate the strength of the linear relationship.

(c) Using the linear trend line equation, develop a forecast for the next period, month25.

(a) Develop a linear trend line for the data.

(b) Compute a correlation coefficient for the data and evaluate the strength of the linear relationship.

(c) Using the linear trend line equation, develop a forecast for the next period, month25.

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