Question: There are FOUR (4) questions in these sections. Answer ALL questions in the answer booklet. QUESTION 1 Fast Jeans company needs to estimate its sales

There are FOUR (4) questions in these sections.

There are FOUR (4) questions in these sections. Answer ALL questions in the answer booklet. QUESTION 1 Fast Jeans company needs to estimate its sales for next year. The most recent six years of revenue data for the company's most popular line of jeans are given below: a) Use simple linear regression to forecast the sales revenue for year 7. (6 marks) b) Determine the correlation coefficient for the data and interpret its meaning. (2 marks) c) Determine the coefficient of determination for the data and interpret its meaning ( 2 marks) (Total: 10 marks)

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