The American Research Group, Inc. conducted a telephone survey of a random sample of 1, 100 U.S. adults in a recent year and determined that the average amount of planned spending on gifts for the holiday season was $854 and that 40% of the purchases would be made from catalogs. Shown below are the average amounts of planned spending on gifts for the holiday season for 11 years along with the associated percentages to be made from catalogs. Develop a regression model to predict the amount of planned spending in a given year by the associated percentage to be made from catalogs for that year. Comment of the strength of the model and theoutput.

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Average Percentage Purchases Year Spending () to Be Made from Catalogs 1,037 976 1,004 942 907 859 431 417 658 646 854 42 47 47 50 51 43 36 26 42 40 4 10