Use a regression analysis to estimate the relationship between time and sales. using the equation obtained, forecast

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Use a regression analysis to estimate the relationship between time and sales.

using the equation obtained, forecast the sales for the first four months of next year.

Related Book For answer-question

An Introduction To Statistical Methods And Data Analysis

ISBN: 9781305465527

7th Edition

Authors: R. Lyman Ott, Micheal T. Longnecker

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Posted Date: May 09, 2023 11:15 PM

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Use a regression analysis to estimate the relationship between time and sales. using the equation obtained, forecast

Question:

1 2 3 4 Sales 51 55 54 5 6 7 8 57 9 Month Jan Feb March April May June July Aug Sept Oct Nov Dec 66 59 67 69 75 7 50 68 10 11 12 m 1 2 3 4 Sales 51 55 54 5 6 7 8 57 9 Month Jan Feb March April May June July Aug Sept Oct Nov Dec 66 59 67 69 75 7 50 68 10 11 12 m

Expert Answer:

To estimate the relationship between time and sales we can use linear regression analysis We will us... View the full answer

An Introduction To Statistical Methods And Data Analysis

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