Question: using excel, show formulas Question 5: SSR is also the leading aftermarket wheel rim manufacturer. Develop a predictive model using linear regression for the demand

using excel, show formulas

Question 5:

SSR is also the leading aftermarket wheel rim manufacturer. Develop a predictive model using linear regression for the demand for SSR's aftermarket rims based on the sales of off-road trucks.

Month Truck Sales (000's) Demand for SSR Rims (000's)
Jan 8 2
Feb 11 2
Mar 9 5
Apr 11 9
May 8 5
Jun 10 4
Jul 12 8
Aug 9 4
Sep 7 3
Oct 7 2
Nov 10 6
Dec 8 2

Required:

  1. Develop the equation (show all your work).
  2. What is the coefficient of correlation for this data?

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