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A maker of baby foods has found a high correlation between the aggregate company sales(in $100.000) and the number of births nationally the preceding year.Suppose

A maker of baby foods has found a high correlation between the aggregate company sales(in $100.000) and the number of births nationally the preceding year.Suppose that the sales and birth figures during the past eight years are:

Year

1

2

3

4

5

6

7

8

Sales(in $100.000)

6.1

6.4

8.3

8.8

5.1

9.2

7.3

12.5

Births(in millions)

2.9

3.4

3.5

3.1

3.8

2.8

4.2

3.7

a)Determine a regression equation for predicting sales based on births.Use years 2 through 8 as your baseline

b)What forecast for sales revenue in year 9 do you obtain

c)Suppose that births are 3.3 million in year 9 ,determine the sales revenue in year 10

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