Favors Distribution Company purchases small imported trinkets inbulk, packages them, and sells them to retail stores. The managersare conducting an inventory control study of all their items. Thefollowing data are for one such item, which is not seasonal.

a. Use a trend projection to estimate the relationship betweentime and sales (state the equation). b. Calculate forecastsfor the first four months of the next year. 1 2 3 4 5 6 7 8 910 11 12 Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecSales 51 55 54 57 50 68 66 59 67 69 75 73

Answer rating: 100% (QA)

Month Month X SalesY X2 Y2 XY a b c a2 d b2 e ab Jan 1 51 1 2601 51 Feb 2 5... View the full answer