Question

The monthly sales of a company are listed below. Month Sales ($) January 12,354 February 13,657 March 14,536 April 13,478 May 19,790 June 19,790 July 17,987 August 18,657 September 19,765 October 18,678 November 20,678 December 23,675 Use simple linear regression analysis to forecast the sales for next month? Round your answer to two decimal places.

          The monthly sales of a company are listed below.
Month Sales ($)
January 12,354
February 13,657
March 14,536
April 13,478
May 19,790
June 19,790
July 17,987
August 18,657
September 19,765
October 18,678
November 20,678
December 23,675
Use simple linear regression analysis to forecast the sales for next month? Round your answer to two decimal places.

The monthly sales of a company are listed below.
Month Sales ()
January 12,354
February 13,657
March 14,536
April 13,478
May 19,790
June 19,790
July 17,987
August 18,657
September 19,765
October 18,678
November 20,678
December 23,675
Use simple linear regression analysis to forecast the sales for next month? Round your answer to two decimal places.

Added by David A.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Adi S

07/14/2023

Step 1

There are 12 months, so the mean of the months is (1+2+...+12)/12 = 6.5. The mean of the sales is (12354+13657+14536+13478+19790+19790+17987+18657+19765+18678+20678+23675)/12 = 17,673.25. Show more…

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The monthly sales of a company are listed below. Month Sales ($) January 12,354 February 13,657 March 14,536 April 13,478 May 19,790 June 19,790 July 17,987 August 18,657 September 19,765 October 18,678 November 20,678 December 23,675 Use simple linear regression analysis to forecast the sales for next month? Round your answer to two decimal places.