Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over
Question:
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.
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