Develop a linear trend line for the data

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Reference no: EM131118582

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

Month

Sales

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

Reference no: EM131118582

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