Question: Please show formulas and answes in Excel. 2. Jack Weis, the general manager of Precision Engineering Corporation, thinks that his firm's engineering services supplied to

Please show formulas and answes in Excel.

2. Jack Weis, the general manager of Precision Engineering Corporation, thinks that his firm's engineering services supplied to highway construction firms are directly related to the amount of highway construction contracts let in his geographic area. He wonders if this is really so and if it is, can this information help him plan his operations better? Jack asked Maria Cortez, one of his engineers, to perform a simple linear regression analysis on historical data. Sales of Precision Total Amount of Engineering Services Contracts Released Year Quarter (thousands of dollars) (thousands of dollars) 8 150 1 10 170 15 190 9 170 12 2 13 190 Q3 12 200 16 220 Maria calls representatives of the contracting agencies and prepares estimates of the quarterly contracts for the next four quarters in thousands of dollars. These were 260, 290, 300, and 270. DO992099 180 Use your forecasting skills to predict the next four quarters of sales

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