Share
Explore BrainMass

Simple Linear Regression Model in Sales Data

Sales date for two years are as follows. Data are aggregated with two months of sales in each period.

(see chart in attached file)

a. Plot the data
b. Fit a simple linear regression model to the sales data.
c. Using the results from parts a and b, prepare a forecast for the next year.

Attachments

Solution Summary

Detail instructions and solution provided.

$2.19