Question: 4 2 . Using the data in the table for part calculate the simple linear regression forecast for monthly income for next February. The approximate
Using the data in the table for part calculate the simple linear regression forecast for monthly income for next February. The approximate numeric value of the forecast in units of $K rounded to two decimal places. a $K b $K c $K d $K e $K Question According to your regression analysis performed for part what is the approximate numerical value of the strength of the linear association between monthly income and month number? Round to four decimal places. a b c dMonthly income in thousands of dollars $K at the Acme Law Firm for the month period from January this year to January next year is listed in the table below. For parts to download the Excel file "Exam time series data" in the "Exam Excel forecasting file" link in the "Assessments" in the Navigation bar of the Bb course website. Save your completed Excel file containing your calculations for parts to for later uploading to Bb
tableMonthIncome $KJanFebMarAprMayJunJulAugSepOctNovDecJan
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