Use the following data to perform a regression analysis. What is the regression equation? Is it significant? How can you tell? What is the forecast for month 13? Month Sales 1 132 2 131 3 134 4 140 5 141 6 142 7 144 8 143 9 146 10 145 11 148 12 148
Use the following data to perform a regression analysis. What is the regression equation? Is it significant? How can you tell? What is the forecast for month 13? Month Sales 1 132 2 131 3 134 4 140 5 141 6 142 7 144 8 143 9 146 10 145 11 148 12 148
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.4: Linear Regression
Problem 12SBE: Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
Related questions
Question
Use the following data to perform a regression analysis.
-
- What is the regression equation?
- Is it significant? How can you tell?
- What is the forecast for month 13?
Month |
Sales |
1 |
132 |
2 |
131 |
3 |
134 |
4 |
140 |
5 |
141 |
6 |
142 |
7 |
144 |
8 |
143 |
9 |
146 |
10 |
145 |
11 |
148 |
12 |
148 |
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