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

42. 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 [2] decimal places.) a. $75.50K b. $78.73K c. $74.95K d. $75.41K e. $78.85K Question 43. According to your regression analysis performed for part 42, what is the approximate numerical value of the strength of the linear association between monthly income and month number? (Round to four [4] decimal places.) a.0.8945 b.0.9018 c.2.1500 d.0.4867Monthly income in thousands of dollars ($K) at the Acme Law Firm for the 13-month period from January this year to January next year is listed in the table below. (For parts 39 to 47, download the Excel file "Exam 2 time series data" in the "Exam 2 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 39 to 47 for later uploading to Bb.)
\table[[Month,Income ($K)],[Jan,51.8],[Feb,55.5],[Mar,54.7],[Apr,57.1],[May,50.6],[Jun,68.2],[Jul,66.4],[Aug,59.3],[Sep,67.2],[Oct,69.8],[Nov,77.6],[Dec,74.4],[Jan,75.5]]
 42. Using the data in the table for part calculate the

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