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. [12 Points] Month Jan Feb Mar Apr May Jun Jul Aug Sales 15 18 14 12 19 10 11 15 a. Use trend projection to estimate the relationship between time and sales (state the trend line equation in this problem). Show the calculations of the intercept and the slope. b. Interpret the meaning of the intercept and the slope in this problem. c. Calculate forecasts for March 2007, May 2007, and June 2008