Question: Worked Problems (Show your calculations in order to get full credit) 1. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells
Worked Problems (Show your calculations in order to get full credit) 1. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. They are conducting an inventory control study of all their items. The following data for the year 2006 are for one such item, which is not seasonal. [10 Points] a. Use trend projection to estimate the relationship between time and sales (state the trend line equation in this problem). b. Calculate forecasts for March 2007, April 2007, and January 2008
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