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Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over the past 24 months. This is shown.
(a) Develop a linear trend line for the data.
(b) Compute a correlation coefficient for the data and evaluate the strength of the linear relationship.
(c) Using the linear trend line equation, develop a forecast for the next period, month 25.
Month
Sales
1
239
9
310
17
369
2
248
10
335
18
378
3
256
11
348
19
367
4
260
12
353
20
383
5
271
13
355
21
394
6
280
14
368
22
393
7
295
15
379
23
405
8
305
16
958
24
412
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