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

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

Mop and Broom Manufacturing has tracked the number of units

Develop a linear trend line for the data. (Round your answer to 2 decimal places, the tolerance is +/-0.01.) Sales = ______________ + ________________ (month)
Compute a correlation coefficient for the data and evaluate the strength of the linear relationship.(Round your answer to 2 decimal places, the tolerance is +/-0.01.) Correlation coefficient is . It indicates a strong, positive a or moderate, positive or no linear relationship. (Use not rounded amounts to answer this question.) Using the linear trend line equation, develop a forecast for the next period, month 25. (Round your answer to 2 decimal places, the tolerance is +/-0.01. Do not round intermediate results used to achieve this answer.) Forecast for month 25.

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Related Book For  answer-question

Operations Management

ISBN: 978-0470325049

4th edition

Authors: R. Dan Reid, Nada R. Sanders

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