Nova Limited is a well-known manufacturer of coldpressed olive oil in Cyprus. The company's unique value proposition is that olives are crushed into a paste by using stone grinders and then pressed to extract oil from the pulp. Olives are harvested during autumn, and oil is extracted at the earliest. They are primarily sold to tourists who visit the island throughout the year. The following table shows the actual sales history for January to October. Generate forecasts for November to December, using the trend projection with regression method. Looking at the accuracy of its forecasts over the historical file, as well as the other statistics provided, how confident are you in these forecasts for November to December?

Transcribed Image Text:

Month January February March April May June Sales (liters) 790 700 725 740 730 680 Month July August September October November December Sales (liters) 610 630 580 570