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A cosmetics manufacturer's marketing department has analyzed sales from last 10 years of its popular Hand & Foot Cream product. In table 1 below, you
A cosmetics manufacturer's marketing department has analyzed sales from last 10 years of its popular Hand & Foot Cream product. In table 1 below, you will see sales per week during a period of 8 weeks. In table 2, you will see the sales forecasted using a linear regression formula that they got from table 1s data.
Table 1
week | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
sales | 97 | 108 | ? | 136 | 167 | 180 | 196 | 210 |
Table 2
week | -1 | 12 |
forecasted sales | 57.97 | 280.214 |
1. Find the linear regression formula.
2. Predict Sales for week 18th using this linear regression equation.
3. Is it possible to find value 3 in table 1?
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